Diatreme’s offer for Metallica extended
Mineral sands miner Diatreme has extended its offer period for Metallica Minerals to August 6.
In terms of the off-market takeover offer, Metallica shareholders will receive 1.2219 ordinary shares in Diatreme for every share held.
Diatreme has urged Metallica shareholders to accept the offer as quickly as possible. The company has increased its interest in Metallica to 87.05%.
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