Stunalara Metals Independent Directors Recommend Shareholders Accept Inca Minerals' Takeover Bid

MT Newswires Live

2025/03/11

The independent directors of Stunalara Metals recommended that its shareholders accept the off-market bid by Inca Minerals (ASX:ICG), saying the offer is not fair but reasonable, according to a Tuesday Australian bourse filing.

Stunalara shareholders are being offered around 6.45 new Inca shares for every Stunalara share they hold.

If Inca acquires a 100% stake in Stunalara, Stunalara shareholders will together hold around 22.6% of the combined firm.

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