HER

Herald Resources (HER) Accepts Bid from Antam-Zhongjin


Directors of Herald Resources (HER)has finally given thumbs up to the joint venture offer from Indonesian mining company Pt. Antam and Chinese smelter Zhongjin. They shall sell their shares to the joint venture offer from the two companies. The Chinese and Indonesian consortium had offered $2.60 cash and $2.65 a share offer which valued Herald Resources at $524 million.

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