Canadian company Placer Dome has given Aurion Gold's shareholders until October 2 to accept its $1 billion plus takeover offer.
It is the seventh attempt by Placer to take over the company and its Goldfields operations.
The other major shareholders Colonial First State and M and G Investment Management are probably holding out for an offer of a special dividend, but whether the deal is accepted it is unlikely that another company will make a play for Aurion.
Placer will lobby for representation on Aurion Gold's board at the miner's annual general meeting next month.
It is their second attempt to get on the board. ©