Metallica Minerals Limited (AU:MLM) has released an update.
Metallica Minerals Limited (MLM) has experienced a significant shift in its substantial holding structure, with Diatreme Resources Limited (DRX) increasing its voting power from 87.05% to 90.13% following an off-market takeover bid. This change occurred as a result of the acquisition of an additional 29,537,737 fully paid ordinary shares. The takeover bid was part of a larger strategy detailed in DRX’s bidder’s statement dated 28 March 2024.
For further insights into AU:MLM stock, check out TipRanks’ Stock Analysis page.
