DRM demetallica limited
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News: DRM Aic Mines And Demetallica Agreed To Combine Logical Consolidation

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    07/11/22
    10:20
    Post #: 64622725

    Nov 7 (Reuters) - AIC Mines Ltd (A1M) :

    • AIC MINES AND DEMETALLICA AGREE TO COMBINE LOGICAL CONSOLIDATION
    • AGREED TO IMPROVE ITS OFFER CONSIDERATION TO 1 AIC MINES SHARE FOR EVERY 1.3 DEMETALLICA SHARES HELD
    • RECOMMENDED OFFER REPRESENTS AN IMPLIED OFFER PRICE OF APPROXIMATELY A$0.39 PER DEMETALLICA SHARE
    • RECOMMENDED OFFER REPRESENTS AN IMPLIED OFFER PRICE OF APPROXIMATELY A$0.39 PER DEMETALLICA SHARE
    • BOARD OF DEMETALLICA UNANIMOUSLY RECOMMENDS THAT DEMETALLICA SHAREHOLDERS ACCEPT OFFER IN ABSENCE OF A SUPERIOR PROPOSAL
    • BOARD OF DEMETALLICA UNANIMOUSLY RECOMMENDS THAT DEMETALLICA SHAREHOLDERS ACCEPT OFFER IN ABSENCE OF A SUPERIOR PROPOSAL
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