Diatreme Resources Limited (AU:DRX) has released an update.
Metallica Minerals Limited (Metallica) has released its fifth supplementary statement urging shareholders to accept the unconditional takeover bid by Diatreme Resources Limited, who currently hold a 82.05% voting power in the company. The Independent Board Committee (IBC) of Metallica, now led by newly appointed Chairman Stephen Everett, advocates for the acceptance of the offer based on several factors that are anticipated to benefit shareholders. With the offer set to close on 23 July 2024, Metallica’s board recommends that shareholders agree to the deal.
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