24 Aug 2018

Wyloo Metals backs Poseidon Nickel

Poseidon Nickel’s underground Silver Swan mine and open cut Black Swan mine will be back in production within 12 months with support from Wyloo Metals.

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Aerial shot of rock textures at James Price Point, Western Australia
Photo Credit: Abstract Aerial Art via Getty Images.

Wyloo Metals has continued its strong support of Poseidon Nickel (“Poseidon”) by investing A$4.3 million in the capital raising announced by the Company today and by fully sub-underwriting the A$68.8 million associated entitlement offer.  

Following the placement, Wyloo Metals has increased its holding in Poseidon to approximately 221.6 million shares or approximately 18 per cent of the expanded capital post placement.

Wyloo Metals is a company of Tattarang. It manages a diverse portfolio of wholly-owned exploration projects and cornerstone investments in both public and private companies.