09/08/2012 - 15:18

Navigator confirms LionGold as suitor

09/08/2012 - 15:18

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Navigator confirms LionGold as suitor

Navigator Resources has confirmed its mystery takeover bidder as Singapore's LionGold Corporation.

The embattled goldminer announced last week that its board was considering a non-binding proposal from a publicly-listed entity, but declined to name the company.

Navigator today revealed LionGold as its suitor in response to media speculation earlier this week.

The company said discussions remained preliminary, and said it would update shareholders in due course.

Navigator stocks last traded at 0.2 cents.

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