CBH Resources Ltd., producer of zinc, lead and silver in Australia, said today that the company had received whole new takeover offer from Nyrstar NV after the close of the market on Friday last week. Nyrstar NV, a zinc producer of Belgium, now offered 19.5 cents per CBH share and $1,000 for every convertible note.

CBH board has rejected the previous bid of Nyrstar in March and advised its shareholders to accept the offer of Toho Zinc.

This is reported the third time when Nyrstar increased its bid for CBH. Nyrstar first offered 13 cents per share and then increased its offer to 19 cents per share last month. Nyrstar has also given CBH shareholders the option to accept the equivalent amount in shares on their wish.

On the other hand, the board of CBH Resources advised its shareholders last month to accept the Toho Zinc offer. Japan based Toho Zinc is the majority shareholder in CBH with 24% stake in the company. Toho had offered 25 cents for each CBH share. The offer of Toho will be capped at 49.9% of CBH's total issue of shares.

However, CBH Resources Ltd has agreed to allow Nyrstar NV to conduct limited due diligence after the new offer. CBH said that the decision on the new offer will be taken in the shareholders meeting, scheduled on April 28.