Canada's Reservoir Minerals says receives unsolicited financing proposal

Tue Jun 7, 2016 6:55pm EDT
 
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June 7 (Reuters) - Reservoir Minerals, a small mining company that is the target of a friendly takeover, said on Tuesday it has received an unsolicited financing proposal from Shandong Xiangguang Group, a China-based shareholder.

Reservoir said it has also been made aware that another China-based shareholder, Jing Bao, has publicly criticised its planned takeover by fellow Canadian miner Nevsun Resources Ltd . (Reporting by Nicole Mordant in Vancouver; Editing by Bernard Orr)