Lithium
43.33
(0.09%)
Gold
2,798.20
(0.03%)
Copper
4.35
(0.09%)
Oil
68.99
(0.16%)
Bitcoin
72,592.77
(0.16%)
FTSE 100
8,159.63
(0.73%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,141.54
(0.26%)
Iron Ore
103.80
0.21%
USD/AUD
0.66
(0.02%)
Hang Seng
20,380.64
(1%)
Lithium
43.33
(0.09%)
Gold
2,798.20
(0.03%)
Copper
4.35
(0.09%)
Oil
68.99
(0.16%)
Bitcoin
72,592.77
(0.16%)
FTSE 100
8,159.63
(0.73%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,141.54
(0.26%)
Iron Ore
103.80
0.21%
USD/AUD
0.66
(0.02%)
Hang Seng
20,380.64
(1%)
Lithium
43.33
(0.09%)
Gold
2,798.20
(0.03%)
Copper
4.35
(0.09%)
Oil
68.99
(0.16%)
Bitcoin
72,592.77
(0.16%)
FTSE 100
8,159.63
(0.73%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,141.54
(0.26%)
Iron Ore
103.80
0.21%
USD/AUD
0.66
(0.02%)
Hang Seng
20,380.64
(1%)
Lithium
43.33
(0.09%)
Gold
2,798.20
(0.03%)
Copper
4.35
(0.09%)
Oil
68.99
(0.16%)
Bitcoin
72,592.77
(0.16%)
FTSE 100
8,159.63
(0.73%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,141.54
(0.26%)
Iron Ore
103.80
0.21%
USD/AUD
0.66
(0.02%)
Hang Seng
20,380.64
(1%)
Lithium
43.33
(0.09%)
Gold
2,798.20
(0.03%)
Copper
4.35
(0.09%)
Oil
68.99
(0.16%)
Bitcoin
72,592.77
(0.16%)
FTSE 100
8,159.63
(0.73%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,141.54
(0.26%)
Iron Ore
103.80
0.21%
USD/AUD
0.66
(0.02%)
Hang Seng
20,380.64
(1%)
Lithium
43.33
(0.09%)
Gold
2,798.20
(0.03%)
Copper
4.35
(0.09%)
Oil
68.99
(0.16%)
Bitcoin
72,592.77
(0.16%)
FTSE 100
8,159.63
(0.73%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,141.54
(0.26%)
Iron Ore
103.80
0.21%
USD/AUD
0.66
(0.02%)
Hang Seng
20,380.64
(1%)
Lithium
43.33
(0.09%)
Gold
2,798.20
(0.03%)
Copper
4.35
(0.09%)
Oil
68.99
(0.16%)
Bitcoin
72,592.77
(0.16%)
FTSE 100
8,159.63
(0.73%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,141.54
(0.26%)
Iron Ore
103.80
0.21%
USD/AUD
0.66
(0.02%)
Hang Seng
20,380.64
(1%)
Lithium
43.33
(0.09%)
Gold
2,798.20
(0.03%)
Copper
4.35
(0.09%)
Oil
68.99
(0.16%)
Bitcoin
72,592.77
(0.16%)
FTSE 100
8,159.63
(0.73%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,141.54
(0.26%)
Iron Ore
103.80
0.21%
USD/AUD
0.66
(0.02%)
Hang Seng
20,380.64
(1%)
Lithium
43.33
(0.09%)
Gold
2,798.20
(0.03%)
Copper
4.35
(0.09%)
Oil
68.99
(0.16%)
Bitcoin
72,592.77
(0.16%)
FTSE 100
8,159.63
(0.73%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,141.54
(0.26%)
Iron Ore
103.80
0.21%
USD/AUD
0.66
(0.02%)
Hang Seng
20,380.64
(1%)
Lithium
43.33
(0.09%)
Gold
2,798.20
(0.03%)
Copper
4.35
(0.09%)
Oil
68.99
(0.16%)
Bitcoin
72,592.77
(0.16%)
FTSE 100
8,159.63
(0.73%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,141.54
(0.26%)
Iron Ore
103.80
0.21%
USD/AUD
0.66
(0.02%)
Hang Seng
20,380.64
(1%)
Lithium
43.33
(0.09%)
Gold
2,798.20
(0.03%)
Copper
4.35
(0.09%)
Oil
68.99
(0.16%)
Bitcoin
72,592.77
(0.16%)
FTSE 100
8,159.63
(0.73%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,141.54
(0.26%)
Iron Ore
103.80
0.21%
USD/AUD
0.66
(0.02%)
Hang Seng
20,380.64
(1%)
Lithium
43.33
(0.09%)
Gold
2,798.20
(0.03%)
Copper
4.35
(0.09%)
Oil
68.99
(0.16%)
Bitcoin
72,592.77
(0.16%)
FTSE 100
8,159.63
(0.73%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,141.54
(0.26%)
Iron Ore
103.80
0.21%
USD/AUD
0.66
(0.02%)
Hang Seng
20,380.64
(1%)
Lithium
43.33
(0.09%)
Gold
2,798.20
(0.03%)
Copper
4.35
(0.09%)
Oil
68.99
(0.16%)
Bitcoin
72,592.77
(0.16%)
FTSE 100
8,159.63
(0.73%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,141.54
(0.26%)
Iron Ore
103.80
0.21%
USD/AUD
0.66
(0.02%)
Hang Seng
20,380.64
(1%)
Lithium
43.33
(0.09%)
Gold
2,798.20
(0.03%)
Copper
4.35
(0.09%)
Oil
68.99
(0.16%)
Bitcoin
72,592.77
(0.16%)
FTSE 100
8,159.63
(0.73%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,141.54
(0.26%)
Iron Ore
103.80
0.21%
USD/AUD
0.66
(0.02%)
Hang Seng
20,380.64
(1%)
Lithium
43.33
(0.09%)
Gold
2,798.20
(0.03%)
Copper
4.35
(0.09%)
Oil
68.99
(0.16%)
Bitcoin
72,592.77
(0.16%)
FTSE 100
8,159.63
(0.73%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,141.54
(0.26%)
Iron Ore
103.80
0.21%
USD/AUD
0.66
(0.02%)
Hang Seng
20,380.64
(1%)
Lithium
43.33
(0.09%)
Gold
2,798.20
(0.03%)
Copper
4.35
(0.09%)
Oil
68.99
(0.16%)
Bitcoin
72,592.77
(0.16%)
FTSE 100
8,159.63
(0.73%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,141.54
(0.26%)
Iron Ore
103.80
0.21%
USD/AUD
0.66
(0.02%)
Hang Seng
20,380.64
(1%)
Lithium
43.33
(0.09%)
Gold
2,798.20
(0.03%)
Copper
4.35
(0.09%)
Oil
68.99
(0.16%)
Bitcoin
72,592.77
(0.16%)
FTSE 100
8,159.63
(0.73%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,141.54
(0.26%)
Iron Ore
103.80
0.21%
USD/AUD
0.66
(0.02%)
Hang Seng
20,380.64
(1%)
Lithium
43.33
(0.09%)
Gold
2,798.20
(0.03%)
Copper
4.35
(0.09%)
Oil
68.99
(0.16%)
Bitcoin
72,592.77
(0.16%)
FTSE 100
8,159.63
(0.73%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,141.54
(0.26%)
Iron Ore
103.80
0.21%
USD/AUD
0.66
(0.02%)
Hang Seng
20,380.64
(1%)
Lithium
43.33
(0.09%)
Gold
2,798.20
(0.03%)
Copper
4.35
(0.09%)
Oil
68.99
(0.16%)
Bitcoin
72,592.77
(0.16%)
FTSE 100
8,159.63
(0.73%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,141.54
(0.26%)
Iron Ore
103.80
0.21%
USD/AUD
0.66
(0.02%)
Hang Seng
20,380.64
(1%)
Lithium
43.33
(0.09%)
Gold
2,798.20
(0.03%)
Copper
4.35
(0.09%)
Oil
68.99
(0.16%)
Bitcoin
72,592.77
(0.16%)
FTSE 100
8,159.63
(0.73%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,141.54
(0.26%)
Iron Ore
103.80
0.21%
USD/AUD
0.66
(0.02%)
Hang Seng
20,380.64
(1%)

Metallica Minerals (ASX: $MLM) extends offer period for Diatreme Resources takeover

Metallica Minerals (ASX: $MLM) takeover bid update


Diatreme Resources Limited (ASX: $DRX) has extended the offer period for its off-market takeover bid for all the ordinary shares in Metallica Minerals Limited (ASX: $MLM) to 23 July 2024. Metallica Shareholders will receive 1.3319 ordinary shares in Diatreme for each ordinary share in Metallica held. The Offer Consideration will be issued to shareholders based on the acceptance date, with an accelerated payment schedule announced.

Executive Commentary


Diatreme has decided to extend the Offer period to accommodate Metallica Shareholders requiring more time to accept. The acquisition of over 75% of Metallica Shares is a significant step towards the anticipated delisting of Metallica. The extension also aligns with ASX's anticipated requirements. We encourage all Metallica Shareholders to accept the Offer now and not wait.

Summary


Diatreme Resources Limited (ASX: $DRX) has extended the offer period for its off-market takeover bid for Metallica Minerals Limited (ASX: $MLM) to 23 July 2024. The company has accelerated the payment terms, issuing the Offer Consideration based on the acceptance date. Metallica Shareholders that have validly accepted the Offer will receive the Offer Consideration on or before 12 July 2024, while those accepting after 5 July 2024 will receive it within 10 Business Days. Ineligible Foreign Shareholders and Small Parcel Holders will not receive Diatreme Shares under the Offer. Metallica Shareholders are advised to follow the instructions in the Bidder's Statement to accept the Offer. The Notice of Variation has been lodged with ASIC, and Metallica Shareholders who have already accepted the Offer will not receive a copy of the Notice of Variation. Diatreme's Chairman, Wayne Swan, has approved the notice of variation. Metallica Shareholders are encouraged to contact their legal, financial, or other professional adviser for any questions about the Offer.

| ASX
(+0%)
At close N/A (AEDT)
Market cap
$0
Volume
0
DY Yield
PE Ratio
52 Week Range
-
1YR Return
N / A

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