Brief: Diatreme Resources Announces Update On Diatreme's Takeover Bid For Metallica
May 17 (Reuters) - Diatreme Resources Ltd DRX.AX :
* UPDATE ON DIATREME'S TAKEOVER BID FOR METALLICA
* DECLARES OFFER CONSIDERATION IS BEST AND FINAL AND WILL
NOT BE
INCREASED, IN ABSENCE OF AN ALTERNATIVE OR COMPETING PROPOSAL
* EXTENSION OF OFFER PERIOD FOR OFF-MARKET TAKEOVER OF
METALLICA
MINERALS, CLOSING DATE IS NOW 3 JUNE
* DIATREME NOW HAS A RELEVANT INTEREST IN 44.26% OF
METALLICA
SHARES
Further company coverage: DRX.AX
((Reuters.Briefs@thomsonreuters.com;))
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