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Red Metal Unveils Major Share Distribution Plan for Maronan Metals Stake

8:40am on Tuesday 31st of March, 2026 AEDT Mining
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Red Metal Unveils Major Share Distribution Plan for Maronan Metals Stake

8:40am on Tuesday 31st of March, 2026 AEDT
Key Points
  • Red Metal proposes in-specie distribution of most Maronan Metals shares
  • Shareholders to receive one Maronan share per 5.25 Red Metal shares held
  • Post-distribution, Red Metal retains approximately 15.4 million Maronan shares
  • Distribution aims to diversify Maronan Metals’ shareholder base and increase liquidity
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