Capital Gold (CGC.A) reiterated its support for a takeover offer from Gammon Gold (GAM.TO) on Thursday, even though rival bidder Timmins Gold (TMM.V) boosted its offer by 25 cents a share. Timmins and Gammon have been caught up in a bidding war to gain control of Capital Gold, and its El Chanate mine in Mexico, since October. Vancouver-based Timmins, armed with the backing of one of Canada's top resource investors, is offering 2.27 Timmins common shares plus $0.25 in cash.
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