Metallica Minerals Limited (AU:MLM) has released an update.
In a significant update for Metallica Minerals Limited (MLM) shareholders, the company’s Independent Board Committee (IBC) now recommends accepting Diatreme Resources Limited’s (DRX) unconditional off-market takeover bid. The recommendation comes after DRX disclosed a substantial 82.05% voting power in MLM. The bid, which is currently set to close on 23 July 2024, is considered by the IBC to be in shareholders’ best interest, given several evaluated factors.
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