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FIRB approves Norton deal

25th February 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – The Foreign Investment Review Board has approved shareholder Zijin Mining Group’s bid for ASX-listed Norton Gold Fields.

Norton earlier this month signed a binding scheme implementation agreement with the Chinese group, which is offering to acquire all of the issued securities of Norton it does not already own, for 20c a share in cash.

Zijin currently holds an 82.43% interest in Norton.

The offer, which had been accepted by the Norton board, remained subject to a number of other conditions, including shareholder and court approval.

Edited by Creamer Media Reporter

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