Fairstar hopeful about Golden West bid

  Fairstar Resources Ltd has gleefully announced that the level of acceptances for its off-market takeover bid for Golden West Resources Ltd has increased to a total of 27.69% of Golden West shares.The current level of acceptances represents a substantial increase in the level of acceptances previously announced when Fairstar launched its takeover Offer for Golden West on October 15.Fairstar managing director Kevin Robertson said he was delighted with the level of acceptance received to date and the progress Fairstar was making in its takeover plans for Golden West.“This level of acceptances is an extremely positive indication of shareholder support for our goal and strategy of bringing the assets of both companies together to create a dynamic mid-tier mining house,” Robertson said.“Our Offer remains open until December 13 and we remain confident and committed to securing a successful outcome to our bid for Golden West.”