10th Jul 2015 07:02
LONDON (Alliance News) - Worthington Group PLC said Friday it has been granted a 28-day extension to the deadline for Nuna Minerals AS to either make a firm offer for Worthington or walk away.
The deadline has now been extended to August 7.
Worthington said it understands that progress is being made on Nuna's financing by Greenland Mining Management Ltd. Nuna is in talks to obtain so-called 'rescue' refinancing from Greenland Mining Management, with a view to then subsequently making an offer for Worthington.
Worthington did note that there remains no certainty an offer will be made.
By Sam Unsted; [email protected]; @SamUAtAlliance
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