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Nunavut Raises Baffinland Offer To $503M

Nunavut Iron Ore Acquisition has revised its offer for Canadian mining company, Baffinland Iron Mines.

Nunavut Iron Ore Acquisition has revised its offer for Canadian mining company, Baffinland Iron Mines, The Wall Street Journal reports. The company has added a warrant exchange right to its bid for the Toronto-based company, adds Bloomberg.

Nunavut,which is backed by U.S. private equity firm, Energy & Minerals Group, has also extended its offer till January 25. The new offer by Nunavutvaluesthejunior miner’s equity at well over $503 million.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Bloomberg.

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