Brief: Aic Mines And Demetallica Agreed To Combine Logical Consolidation

AIC Mines

06/11/2022 23:16

Nov 7 (Reuters) - AIC Mines Ltd  A1M.AX :
    * 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

Source text for Eikon:  ID:nASX53HcDr 
Further company coverage:  A1M.AX 
 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))