Resolute Mining (ASX: RSG) has improved the financing offered to Noble Mineral Resources (ASX:NMG) as it seeks to trump the placement financing offered by Zhongrun.
It extended the period for acceptance of the proposed US$15 million unsecured short term debt facility until Friday, 9 November 2012.
It also made the Financing Offer irrevocable until Friday, 9 November 2012.
By comparison, the offer from Zhongrun has a major portion of its proposed placement remains subject to shareholder approval and various Chinese regulatory approvals, which are no guarantee of being obtained.
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