Diatreme Resources Limited (AU:DRX) has released an update.
Diatreme Resources Limited has made a final and unconditional takeover offer for Metallica Minerals Limited, with a closing date set for July 9, 2024, urging Metallica’s shareholders to accept the offer promptly to enjoy the benefits. With a 63.79% stake already in Metallica, Diatreme’s offer represents a significant premium over Metallica’s current share price. The Metallica board has also indicated that no competing proposals are expected, making this a potentially lucrative and unique opportunity for shareholders.
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