LONDON (Alliance News) - Worthington Group PLC said Friday it has been granted an extension to the deadline for Nuna Minerals AS to either make a firm offer for the company or walk away to July 10.
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. Worthington said Friday it understands progress is being made in relation to this proposed refinancing.
However, the company noted there can be "no certainty" talks will lead to an offer being made for Worthington.
Shares in Worthington remain suspended.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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Worthington Grp (WRN)