Diatreme Resources Limited (AU:DRX) has released an update.
Diatreme Resources Limited has successfully acquired over 90% of Metallica Shares and is poised to initiate a compulsory acquisition of the remaining shares. Shareholders of Metallica Minerals Limited are urged to accept the offer before the closing date on August 6, 2024, to ensure timely receipt of their consideration. Those who fail to accept the offer by the deadline face a delay in payment, which would not commence until after the compulsory acquisition process concludes.
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