Sierra Rutile Holdings Limited (AU:SRX) has released an update.
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Leonoil Company Limited has announced an extension of its takeover bid offer period for Sierra Rutile Holdings Limited, allowing additional time for the offer to be accepted until 5:00 pm AWST on 2 October 2024. This off-market bid involves acquiring all the outstanding ordinary shares of Sierra Rutile that Leonoil does not already possess. The official notice, as required by the Corporations Act, marks a continuation of Leonoil’s efforts to consolidate ownership of Sierra Rutile.
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