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Cape Lambert makes bid for Corvette

6-July-09 by Rebecca Lawson

Cape Lambert Iron Ore has flagged its intention to launch an all-scrip takeover offer for Perth-based Corvette Resources after its acquired a major stake from CopperCo.

The acquisitive Tony Sage-led Cape Lambert has a 19.9 per cent interest in Corvette, a stake it acquired after finalising its purchase of collapsed CopperCo's assets last week.

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