Metallica Minerals Limited (AU:MLM) has released an update.
Diatreme Resources Limited has received a recommendation from Metallica Minerals Limited’s Independent Board Committee for shareholders to accept its takeover offer, with Diatreme’s interest in Metallica reaching 82.37%. The offer, considered final, aims to create value for stakeholders by capitalizing on synergies between the companies, focusing on sustainable silica sand production in the Cape Flattery region. Shareholders are urged to act before the offer closes on 23 July 2024 to benefit from the combined company’s potential.
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