Rand Mining
(ASX:RND) rejects Northern Star Resources
(ASX:NST) unsolicited $37.5 million offer for Rand Mining and Rand Exploration’s 12.25 per cent interest in the East Kundana Joint Venture and its unsolicited offer for Tribune Resources Ltd's 36.75 per cent interest in the EKJV.
The Rand Board of Directors has resolved to reject the Offer and has communicated this to Northern Star.
The Board has concluded that the Offer significantly undervalues Rand's interest in the EKJV.
Shares in Northern Star Resources
(ASX:NST) are trading 0.32 per cent lower at $9.21.
