Rand Mining rejects Northern Star Resources offer

Company News

by Rachael Jones

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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.