Outback to block Metallica bid for Queensland Ores

THE tug-of-war battle for Queensland Ores has heated up with original bidder Outback Metals increasing its interest in Queensland Ores to more than 10% in an effort to kill Metallica Minerals’ bid, which requires a 90% acceptance rate.

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Outback and its directors now hold a 10.36% stake in Queensland Ores, and said the company and directors have no intention of accepting Metallica’s bid.

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