Diatreme Resources Limited (AU:DRX) has released an update.
In a recent strategic move, Diatreme Resources Limited has increased its voting power in Metallica Minerals Limited to 84.48%, acquiring an additional 11,846,630 fully paid ordinary shares. This change, resulting from acceptances of DRX’s off-market takeover bid as detailed in their prior bidder’s statement, signals a more influential stance by DRX in MLM’s affairs. The acquisition exemplifies DRX’s growing status as a substantial holder and underlines its commitment to expanding its interests within the mining sector.
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