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