Canyon Resources (ASX:CAY) said A2MP Investments' offer to acquire the company remains subject to certain conditions including minimum acceptance levels, which have not yet been fulfilled, according to a Monday filing with the Australian bourse.
A2MP's voting power in Canyon is about 56.6%, comprising about 1.17 billion shares, per the filing. It is looking to acquire the remaining shares in Canyon for AU$0.05 each.
Canyon Resources shares gained over 2% in recent Monday trade.
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