Cardinal Resources Ltd. advises that it has received a revised and improved proposal for an off-market takeover offer from Shandong Gold Mining Co., Limited , pursuant to which Shandong Gold will offer to acquire all of the shares in Cardinal it does not presently own at a cash price of A$0.70 per share . The Improved Shandong Gold Offer is now being considered in detail by the board, together with the Special Committee
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