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Lemur Resources Receives Notice Of Bushveld Minerals Takeover Offer Extension

Lemur Resources (ASX: LMR) has received notice from Bushveld Minerals (AIM: BMN), which now holds a 53.67% interest in the company, that it has extended its takeover offer to 11 October 2013.

Bushveld currently holds 103,319,738 shares in Lemur, up from the previous 100,164,413 shares.

It had offered 3 of its own shares for every 5 Lemur shares, saying that the acquisition would create a diversified African junior miner with a swathe of mineral assets spread across South Africa and Madagascar.

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