16/05/2012 - 15:15

Magma directors back Panoramic bid

16/05/2012 - 15:15

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Panoramic Resources has moved a step closer to completing its $40 million takeover of Magma Metals, with the target recommending its shareholders accept the bid. Panoramic upped its offer today to 1 Panoramic share for every 7 Magma shares, after taking its stake to 54.15 per cent.

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