Placer Dome increases Equity offer

Parent company Placer Dome (TSE) has raised its offer for all the shares of Equity Silver Mines (TSE) that it does not already own.

The major is offering to buy the minority shares for 85 cents, up from the previous offer of 70 cents.

Placer currently holds 58.8% of Equity’s outstanding shares. Equity previously operated a silver-gold-copper mine in British Columbia.