TNR 8.70% 5.0¢ torian resources limited

News: TNR Torian Resources to acquire Cascade Resources Ltd

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    Oct 10 (Reuters) - Torian Resources Ltd (TNR) :

    • Torian resources - torian resources and cascade resources ltd (cascade) are pleased to announce signing of a takeover bid implementation deed
    • Torian to acquire 100% of strategically important zuleika project
    • Cascade shareholders will receive one (1) new torian share for every one (1) cascade share held
    • Torian offer has been unanimously recommended by directors of cascade in absence of a superior offer
    • Says offer values cascade at approximately about a$8.4 million
 
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Currently unlisted public company.

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