Quantum Graphite (ASX:QGL) has extended the off-market takeover bid for Lincoln Minerals (ASX:LML) until April 7th, 2023.
A notice was lodged with the Australian Securities and Investments Commission (ASIC) on February 27th, 2023.
Lincoln shareholders who had accepted the offer before this notice have the right to withdraw their acceptance within one month of receiving the notice.
The all-share offer (1 Quantum share for every 40 Lincoln Shares held, currently valuing LML at 1.35c per share) has already been rejected by the board and substantial shareholders in the company.