Norton Gold Fields chief executive Dianmin Chen and director Noel White have been made non-executive directors of Bullabulling Gold, following acceptance of the company's takeover offer.
Norton Gold Fields is poised to succeed in its Bullabulling Gold takeover bid after the Perth explorer begrudgingly accepted the increased takeover offer of 8 cents per share.
Nedlands-based explorer Bullabulling Gold has advised its shareholders to reject Norton Gold Fields' increased takeover offer of 8 cents per share to obtain a 30 per cent interest in the company.
Nedlands-based explorer Bullabulling Gold has signalled it will not accept a takeover bid from Norton Gold Fields which values the company at about $24 million, saying the offer does not reflect the value of its assets.
