Gold miner SolGold says BHP Billiton offer not in its best interest

Gold miner SolGold says BHP Billiton offer not in its best interest
 

Gold miner SolGold Plc (SOLG.L) said on Monday that global miner BHP Billiton Plc's (BLT.L) (BHP.AX) offer to buy a stake in the company to gain exposure to its Cascabel project in Ecuador was not in its best interest.
BHP Billiton on Saturday offered $30 million (24.16 million pounds) for a 10 percent stake in SolGold. The offer also includes an additional $275 million proposal, linked with acquiring a 70 percent stake in the unit managing the Cascabel project, SolGold said.
SolGold, which owns a 80 percent stake in the Ecuador project, said the BHP offer was not in its best interest, as... read more

 
10 October 2016 in Business, Views: 42
Source: Reuters
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