Nunavut Iron Ore said on Wednesday it has agreed with staff of Canada's largest securities regulator to settle concerns about its takeover bid for Baffinland Iron Mines . The Ontario Securities Commission (OSC) said earlier on Wednesday it would hear arguments on Thursday for holding up the bid by ceasing trade of any shares tendered to Nunavut's offer. The hearing was set up to address whether Nunavut, backed by a private equity fund, is capable of carrying out its offer of C$1.45 a share for 60 percent of the iron ore exploration firm.
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