09:35 AM EST - Orvana Minerals Corp. : announced that it has extended its all-cash offer of $0.55 per share for all outstanding common shares of Kinbauri Gold Corp. The bid is now set to expire on July 24, 2009. All other terms of the offer remain unchanged. Orvana Minerals commenced its offer in May. The offer represents a premium of 39.2% over the closing price of Kinbauri's common shares on May 8, the last trading day prior to the announcement of Orvana's intention to make an offer to acquire Kinbauri, and a 36.1% premium over the average closing price for Kinbauri's common shares over the 10-day trading period ended May 8. Orvana Minerals Corp.
shares T.ORV are trading even at $0.70.
