Commander Resources (TSE:CMD) has released an update.
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Commander Resources Ltd. is advising shareholders to reject the unsolicited take-over bid from FruchtExpress Grabher GmbH & Co KG, citing the offer as predatory and undervaluing the company. The Board and a Special Committee believe the bid fails to reflect the true value of Commander’s assets, including their regained 100% interest in the Burn Porphyry Copper Property and ongoing exploration efforts.
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