Directors of Herald Resources have unanimously recommended shareholders accept an increased offer of 93 cents per share from its majority shareholder, Jakarta-based PT Bumi Resources' wholly-owned investment vehicle, Calipso Investment Pte Ltd.

Directors of Herald Resources have unanimously recommended shareholders accept an increased offer of 93 cents per share from its majority shareholder, Jakarta-based PT Bumi Resources' wholly-owned investment vehicle, Calipso Investment Pte Ltd.