Paladin Resources (ASX:PDN) has extended the offer period by two weeks for NGM Resources (ASX:NGM) shareholders to accept the Paladin takeover offer at $0.15.
The latest substantial shareholder notice has Paladin holding 81.46% of NGM's ordinary shares.
Above 90% of shareholdings in NGM must accept the offer by Friday 5 November, or else Paladin can effectively allow the offer to lapse.
The NGM directors have urged shareholders to accept the offer without delay.
Of interest, NGM shares last traded at $0.17 (Friday 15 October) , $0.02 above the offer price.