Canadian security regulators will hear arguments on Thursday for holding up Nunavut Iron Ore's bid to take over Baffinland Iron Mines (BIM.TO) . The hearing by the Ontario Securities Commission on Thursday will address whether Nunavut, backed by private equity, is capable of carrying out its offer of C$1.45 a share for 60 percent of the iron ore exploration company. The bid, due to expire on Jan. 10, values Baffinland, which has a vast iron ore deposit in the Canadian Arctic, at C$570 million ($570 million.)
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