U.S. hedge fund Luxor Capital has submitted a US$ 120 million-takeover bid for Canadian junior miner Crocodile Gold, in a move that marks a further push into gold assets for the investment company. Luxor already had 10% of Crocodile shares, and the offer pays a 60% premium over the miner’s closure price on Monday. The targeted company operates a handful of projects in Australia and said it would strike a committee to consider the offer.