MetalsTech Ltd (AU:MTC) has released an update.
MetalsTech Ltd has terminated discussions with Trans Metal Fund LLP regarding their non-binding offer to acquire the Sturec Gold Mine, deeming the offer as undervaluing the mine’s substantial gold and silver resources. The company believes a parent-level securities offer would be more tax-efficient for shareholders and continues to pursue other strategic negotiations, with positive feedback from site visits indicating a ‘mine ready’ opportunity at Sturec.
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