Metallica Minerals Limited (AU:MLM) has released an update.
Ilwella Pty Ltd has increased its voting power in Metallica Minerals Limited (MLM) from 83.25% to 84.48% following an off-market takeover bid by Diatreme Resources Limited, which resulted in Ilwella gaining a deemed relevant interest in an additional 11,846,630 fully paid ordinary shares. This change in holdings underscores a significant shift in the control dynamics of the mineral exploration and development company.
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