Mount Gibson extends Aztec offer date

Watchers of the Mount Gibson Iron Ltd bid for Aztec Resources Ltd will have a tense weekend, with the bigger firm announcing an extension of the closing date of offers made under the takeover bid to November 3.

Aztec revealed yesterday it was in senstive negotiations with another party which could result in a defeating condition in the takeover being triggered.

The company will make an announcement to the market prior to 10am on Monday morning.