Cardinal Resources Ltd

Cardinal Resources Limited (ASX:CDV) (FRA:C3L) (OTCMKTS:CRDNF) (TSE:CDV) refers to the bidder's statement for an unsolicited conditional off-market takeover offer for Cardinal at A$1.05 cash per share (E&P Takeover Bid) from Engineers & Planners Company Limited.

Cardinal Resources Limited (ASX:CDV) (FRA:C3L) (OTCMKTS:CRDNF) (TSE:CDV) wishes to provide its shareholders an update in relation to the various applications made to the Australian Takeovers Panel ("Panel") in relation to the affairs of Cardinal and to provide some additional further observations.

Cardinal Resources Limited (ASX:CDV) (FRA:C3L) (OTCMKTS:CRDNF) (TSE:CDV) wishes to provide its shareholders an update in relation to the competing takeover offers set out below and in relation to the various applications before the Australian Takeovers Panel in relation to the affairs of Cardinal.

Cardinal Resources Limited (ASX:CDV) (FRA:C3L) (OTCMKTS:CRDNF) (TSE:CDV) advises that it has received 28 letters from persons who own or control 19.38% of the Company's shares to the effect that they intend to accept the unconditional off-market takeover offer by Shandong Gold Mining (HongKong) Co., Ltd.

Cardinal Resources Limited (ASX:CDV) (FRA:C3L) (OTCMKTS:CRDNF) (TSE:CDV) refers to the third supplementary bidder's statement from Nord Gold SE (Nordgold) announced on the ASX Market Announcements Platform this morning in respect of its unconditional on-market takeover bid for Cardinal (Nordgold Takeover Bid).

Cardinal Resources Limited (ASX:CDV) (FRA:C3L) (OTCMKTS:CRDNF) (TSE:CDV) is providing an update to shareholders in reference to the ongoing takeover offers for the Company by Shandong Gold Mining (HongKong) Co., Ltd. and Nord Gold S.E.

In respect of the recommended and unconditional all cash Offer by Shandong Gold Mining (HongKong) Co., Limited (HKG:1787) for all of the ordinary shares in Cardinal Resources Limited (ASX:CDV) (FRA:C3L) (OTCMKTS:CRDNF) (TSE:CDV).

The Shandong Gold Offer remains subject to a number of standard market conditions for a transaction of this nature (including primarily, 50.1% minimum acceptance by Cardinal Shareholders) as set out in the in the Bidder's Statement.

Cardinal Resources Limited (ASX:CDV) (FRA:C3L) (OTCMKTS:CRDNF) (TSE:CDV) refers to its announcements of 2 and 3 September 2020 in relation to the revised Nord Gold S.E. ("Nordgold") on-market takeover offer for Cardinal at A$0.90 cash per share ("Nordgold Takeover Bid").

Cardinal Resources Limited (ASX:CDV) (FRA:C3L) (OTCMKTS:CRDNF) (TSE:CDV) refers to its announcement of 3 September 2020 regarding the competing takeover offers for the Company from Shandong Gold Mining Co., Ltd. ("Shandong Gold") and Nord Gold S.E.