Metalicity Limited (AU:MCT) has released an update.
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Metalicity Limited, trading under ASX code MCT, has announced the successful passing of Resolution 13, leading to a capital consolidation on a 10 for 1 basis. Share trading will now occur on a deferred settlement basis under the temporary code MCTDB, with normal trading resuming on 24th September and the company’s name changing to Arika Resources Limited on 26th September 2024. This strategic move is set to streamline the company’s capital structure and reflects its forward-looking approach to growth and market positioning.
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