Coal developer Rey Resources (ASX: REY) has reported that Gujarat NRE Coking Coal Limited (previously Gujarat NRE Minerals Limited) has extended its off-market takeover bid for all of the ordinary shares in Rey Resources.
The offer is now due to close on Friday 11 June at 7.00 pm (EDST).
Gujarat NRE is involved in the mining, processing and marketing of coal products. It operates the NRE No. 1 Colliery (formerly know as South Bulli Colliery), located in the Southern Coalfields of New South Wales, with reserves of over 300 million tonnes of coking coal.