Metallica Minerals Limited (AU:MLM) has released an update.
Diatreme Resources Limited has extended its takeover offer for Metallica Minerals Limited, urging shareholders to act promptly before the 6th of August 2024 deadline to benefit from an accelerated consideration process. With a current stake of 87.05%, Diatreme aims to reach a 90% interest, triggering a compulsory acquisition of remaining shares. Shareholders who accept the offer promptly will receive their consideration within 10 business days, a quicker turnaround compared to the compulsory acquisition timeline.
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