Navigator's processing plant at its Bronzewing operation.
Navigator receives mystery takeover bid
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Wednesday, 1 August, 2012 - 15:48
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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