Rather than pursue a hostil takeover, Akiko-Lori Gold Resources (VSE) has agreed to withdraw its recent offer to acquire Bradner Resources (VSE).
Bradner’s board of directors refected Akiko-Lori’s proposed amalgamation. Bradner owns a sizable stake in Gold Canyon Resources (VSE) which in turn owns the Blue Dog gold project in Idaho being explored by a unit of Noranda (TSE).
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