Metals Corp (MTAL) has released an update.
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Metals Acquisition Limited has announced the fair market value for redeeming its outstanding public and private placement warrants, setting a deadline for warrant holders to exercise their options by June 5, 2024. Those holding warrants can either exercise them for cash at $11.50 per share or opt for a cashless exercise, receiving 0.3063 ordinary shares per warrant based on the determined fair market value of $13.33. Post-deadline, unexercised warrants will be void, with holders only eligible to receive $0.10 per warrant.
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