Zhaojin Capital makes takeover bid for Tietto Minerals (ASX:TIE)

Zhaojin Capital (Hong Kong) made an off-market takeover bid for all the fully paid ordinary shares of Tietto Minerals it does not already own.

Tietto provided a supplementary target statement with the offer, further detailing the bid.

In November, Tietto's Abujar Gold Project produced 11,160oz of gold and reduced its debt to around $16.7 million.

The offer period was extended to close on Jan. 12, 2024. Tietto management unanimously advises shareholders to reject the offer.