NEWS IN BRIEF Gateford Resources

Gateford Resources (ASE) has made a takeover bid for all the outstanding shares of Landmark Corp. Under terms of its offer, Gateford will issue 11 treasury shares for each 13 shares of Landmark. Gateford has already negotiated lock-up agreements with shareholders who collectively hold 43% of Landmark’s shares. The offer has also been accepted other significant shareholders of Landmark who own another 19% of the company’s outstanding shares. The offer expires on May 7 unless extended.