Posted AT 8:16 AM EST on 28/10/09
Jien extends bid for Canadian Royalties
Vancouver — The Chinese mining company that's attempting to buy Canadian Royalties Inc. and its Nunavik nickel project has extended the deadline for its $192-million takeover offer until Nov. 10.Jien Canada Mining Ltd. and its affiliates said Wednesday that a majority of Canadian Royalties common shares and debentures were tendered to the offer by the initial deadline but less than the minimum required to meet the conditions of the offer.
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