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In a statement to the ASX on Wednesday, Myanmar Metals executive chairman and chief executive John Lamb said the company had been thrown a takeover offer by Yintai Gold.Due to the coup, Myanmar Metals had already halted its proposed acquisition of the Wuntho copper-gold project and had ditched an opportunity to pile into a separate gold project with Locrian Precious Metals.Yintai has offered 3.5¢ per share - half the price Myanmar Metals traded at prior to the halt.
In a statement to the ASX on Wednesday, Myanmar Metals executive chairman and chief executive John Lamb said the company had been thrown a takeover offer by Yintai Gold.
Due to the coup, Myanmar Metals had already halted its proposed acquisition of the Wuntho copper-gold project and had ditched an opportunity to pile into a separate gold project with Locrian Precious Metals.
Yintai has offered 3.5¢ per share - half the price Myanmar Metals traded at prior to the halt.
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