Metalicity Limited (ASX:MCT) Consolidation of Capital

Metalicity Limited (ASX:MCT) has announced that Resolution 13, involving the Consolidation of Capital on a 10 for 1 basis, was passed at the Company's General Meeting of Shareholders on Wednesday 11 September 2024. As a result, the Company's shares are now trading on a deferred settlement basis until after the consolidation process on the 23rd September 2024, with settlement occurring on 26 September 2024, which is the same day the new company name Arika Resources Limited becomes effective. The temporary deferred settlement code will be MCTDB.

Executive Commentary on Forward Looking Statements

The announcement may contain certain 'forward-looking statements' which may not have been based solely on historical facts, but rather may be based on the Company's current expectations about future events and results. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have reasonable basis. However, forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies. Recipients are cautioned that forward-looking statements are not guarantees of future performance and accordingly recipients are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

Summary of Metalicity Limited (ASX:MCT) Announcement

Metalicity Limited (ASX:MCT) has informed shareholders about the temporary trading code MCTDB, which will be in effect until the completion of the Consolidation of Capital on a 10 for 1 basis. The Company's shares are trading on a deferred settlement basis until 26 September 2024, coinciding with the effective date of the new company name Arika Resources Limited. The announcement also includes a disclaimer on forward-looking statements, emphasizing the inherent uncertainties and contingencies involved in such statements. Shareholders are advised to exercise caution and not place undue reliance on forward-looking statements. Metalicity Limited disclaims any intent or obligation to publicly update any forward-looking statements, whether as a result of new information, future events or results or otherwise.