Metallica Minerals Limited (AU:MLM) has released an update.
Diatreme Resources Limited has announced an extension to its takeover bid for Metallica Minerals Limited, now closing on 23 July 2024, with a notable 79.67% of shares already accepted as of 8 July 2024. They’ve also accelerated the payment terms, promising issuance of shares or cash proceeds within 10 business days of acceptance depending on the shareholder’s eligibility. The extension aims to facilitate additional acceptances and meet ASX requirements for Metallica’s delisting.
For further insights into AU:MLM stock, check out TipRanks’ Stock Analysis page.
