LONDON (Alliance News) - Worthington Group PLC said Friday it has requested a further 28 day extension to the deadline by which Nuna Minerals AS must either announce a firm intention to make an offer for the company, or walk away.
The deadline has now been extended to October 16. This will be the fourth time it has been extended.
Nuna Minerals is in talks to obtain so-called 'rescue' refinancing from Greenland Mining Management Ltd with a view to then subsequently making an offer for Worthington.
The company said it understands "progress is continuing to be made in relation to the proposed refinancing of Nuna by Greenland Mining Management Ltd."
Shares in Worthington remain suspended.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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Worthington Grp (WRN)