Jilin Jien Nickel Industry and Canadian Goldbrook Ventures Inc. have extended their offer to acquire Canadian Royalties Inc. by a month to 15 October 2009. Jilin Jien and Goldbrook, which formed Jien Mining Canada Ltd to pursue their takeover bid, however, did not raise their cash offer of 60 Canadian cents for each share of Canadian Royalties. The companies are offering total cash consideration of CAD 148.5 million for control of Canadian Royalties. In August 2009, Canadian Royalties rejected the offer, saying it did not recognize the strategic value of its Nunavik nickel project. Canadian Royalties had also recommended shareholders and debenture holders to reject the unsolicited offers.