Diatreme Resources Limited (AU:DRX) has released an update.
Metallica Minerals Limited (MLM) has issued a Second Supplementary Target’s Statement, informing shareholders of a takeover bid by Diatreme Resources Limited (DRX), which has achieved about 56% acceptance of Metallica shares as of June 4, 2024. While the offer is still subject to conditions, Metallica is prepared to waive a previously agreed standstill undertaking by June 17 if no superior proposal emerges. Shareholders are cautioned that there is no certainty of a better offer, despite ongoing due diligence by an interested party.
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