Inactive Instrument

Cardinal Resources Limited

Equities

CDV

AU000000CDV9

Cardinal Resources Mulls Strategic Options for Namdini

January 28, 2020 at 05:41 pm

Cardinal Resources Limited (ASX:CDV) has provided an update regarding project financing for its 5.1-million-ounce Namdini gold project in Ghana. The company, in conjunction with appointed financial advisers, Cutfield Freeman & Co., have received a number of term sheets from banks and financiers. In addition, the company is concurrently evaluating strategic alternatives to bring the Namdini project into production with a view to maximizing economic outcomes for Cardinal shareholders.

Latest news about Cardinal Resources Limited

Cardinal Namdini Mining Limited announced that it expects to receive $0.5 million in funding from Cardinal Resources Limited	22-08-24	CI
Cardinal Resources Limited Reports Earnings Results for the Second Quarter Ended December 31, 2020	21-02-11	CI
Cardinal Resources Limited Announces Board Restructure	21-02-01	CI
Cardinal Resources Limited(ASX:CDV) dropped from S&P/ASX All Ordinaries Index	21-01-20	CI
Shandong Gold Mining (Hong Kong) Co., Limited completed the acquisition of Cardinal Resources Limited from a group of shareholders.	21-01-18	CI
Dongshan Investments Limited cancelled the acquisition of Cardinal Resources Limited.	20-12-29	CI
Engineers & Planners Company Limited cancelled the acquisition of Cardinal Resources Limited from Nord Gold SE, Shandong Gold Mining (Hong Kong) Co., Limited, Macquarie Group Limited, Samson Rock Capital LLP and others.	20-12-29	CI
S&P/ASX 200 : Australian Shares Cheer Shortened Holiday Session; CFOAM Soars 50% on New US Contract	20-12-23	MT
Dongshan Investments Limited made an offer to acquire Cardinal Resources Limited for approximately AUD 650 million.	20-12-23	CI
Nordgold Closes Offer for Cardinal	20-12-23	CI
Nord Gold SE cancelled the acquisition of remaining 81.3% stake in Cardinal Resources Limited from MM Asset Management Inc., The Bank of Nova Scotia and other shareholders.	20-12-22	CI
Resolute to sell Ghana gold mine to China's Chifeng Jilong	20-12-15	RE
Nordgold Increases Offer Price in Relation to its Offer for Cardinal Resources	20-12-14	CI
Nordgold Extends the Offer Period in Relation to its Unconditional All-Cash Offer for Cardinal Resources	20-12-06	CI
Nordgold Extends the Offer Period in Relation to its Unconditional All-Cash Offer for Cardinal Resources	20-11-26	CI
Cardinal Resources : Nord Gold Extends Takeover Bid for Cardinal Resources Again	20-11-25	MT
Engineers & Planners Company Limited made an offer to acquire Cardinal Resources Limited from Nord Gold SE, Shandong Gold Mining (Hong Kong) Co., Limited, Macquarie Group Limited, Samson Rock Capital LLP and others for approximately AUD 560 million.	20-11-23	CI
Nord Gold Extends the Offer Period in Relation to Its Offer for Cardinal Resources Limited	20-11-19	CI
Takeovers Panel Rejects A Request of Cardinal Resources to Improve Separate Takeover Offers	20-11-17	CI
Cardinal Resources Limited Reports Earnings Results for the First Quarter Ended September 30, 2020	20-11-13	CI
Nordgold Extends the Offer Period in Relation to its Unconditional All-Cash Offer for Cardinal Resources Limited	20-11-12	CI
Nordgold Extends the Offer Period to Acquire Cardinal Resources	20-11-12	CI
Nordgold Extends its Unconditional All-Cash Offer for Cardinal Resources	20-10-29	CI
Cardinal Resources Announces Annual General Meeting of Shareholders	20-10-27	CI
Nordgold Extends its Unconditional All-Cash Offer for Cardinal Resources	20-10-26	CI

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Company Profile

Cardinal Resources Limited is a gold exploration and development company. The Company is engaged in exploration of minerals in Ghana. The Company, through its subsidiary, Cardinal Resources Ghana Limited, holds approximately five tenements prospective for gold mineralization in Ghana in two northeast-southwest trending Paleo-Proterozoic granite-greenstone belts, the Bolgatanga and Namdini Projects located within the Nangodi and Bole-Bolgatanga Greenstone Belts in northeast Ghana, and the Subranum Project located within the Sefwi Greenstone Belt in southwest Ghana. The Namdini tenement is located approximately 12 kilometers southeast from its Ndongo East Prospect and approximately six kilometers southeast of the producing Shaanxi Gold Mine. The Bolgatanga Project area and the Subranum Project comprises approximately 734 square kilometers of granted tenements. It owns and operates two drill rigs.

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