01/08/2012 - 15:48

Navigator receives mystery takeover bid

01/08/2012 - 15:48

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Navigator receives mystery takeover bid
Navigator's processing plant at its Bronzewing operation.

Embattled gold miner Navigator Resources says it has received a non-binding takeover proposal from an unnamed publicly-listed entity.

Navigator announced today that its board was considering the proposal and was engaging in discussions with the suitor regarding due diligence and terms and conditions of a binding agreement.

The company stressed to shareholders that the proposal was non-binding and terms of a takeover had not been agreed.

Navigator’s stock last traded at 0.2 cents. 

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