Resolute Mining has sweetened its $85 million financing proposal for Noble Mineral Resources for a second time, after Noble said it continued to prefer to enter a similar funding deal with Chinese gro
Noble Minerals Resources has labelled an unsolicited offer from Resolute Mining as inferior, uncertain and unequitable and held firm on its preference for Chinese investment.
Shares in South Perth-based Noble Mineral Resources have surged more than 37 per cent on news Chinese group Zhongrun is to invest $87.7 million and take a 42 per cent stake in the company.
27 Sep 2012
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