On November 12, 2020, Nord Gold S.E. announced that it has made an offer under an unconditional on-market takeover bid on the Australian Securities Exchange to acquire all of the ordinary shares in Cardinal Resources Limited that it and its associates do not already own. Nordgold also announced that it is varying the Offer by extending the offer period, so that the offer period will now expire immediately at the close of trading on ASX on November 30, 2020.