Sundance Resources Limited
(ASX:SDL) has revised the terms of its takeover agreement with Chinese based Hanlong Mining.
The $1.65 billion deal has been altered to ensure the deal is completed by November.
Under the revised agreement, shareholder and government approval is still required which Sundance says will be finalised in the coming weeks.
The iron ore explorer has accepted $0.57 per share from Hanlong to acquire 100 per cent of Sundance.
Sundance Resources booked a net loss of $14.4 million in the first-half of the 2012 financial year.
