Diatreme Initiates Compulsory Acquisition of Metallica Minerals

Diatreme Resources Limited (AU:DRX) has released an update.

Diatreme Resources Limited has announced the commencement of the compulsory acquisition of Metallica Minerals Limited, following its off-market takeover bid. The acquisition process follows the guidelines of the Corporations Act and is scheduled to dispatch notices to Metallica’s shareholders by the 6th of August, 2024. This move marks a significant consolidation in the resources sector as Diatreme extends its market reach.

For further insights into AU:DRX stock, check out TipRanks’ Stock Analysis page.