Wyloo notes Mincor’s Operations and Guidance Update announced to the Australian Securities Exchange on 30 March 2023, and confirms that it was unaware of the material information contained within that announcement.
As a result of these developments, Wyloo has determined that the current offer price of $1.40 per share is best and final and will not be increased, in the absence of a competing proposal.
Wyloo Consolidated encourages all Mincor shareholders to read the Bidder’s Statement and the First Supplementary Bidder’s Statement carefully and in their entirety before deciding whether to accept the Offer.
The Bidder’s Statement and the First Supplementary Bidder’s Statement together include information as to why Wyloo Consolidated believes Mincor shareholders should accept the Offer and other information in relation to the Offer.
For further information on the transaction, including how to accept the Offer, please refer to the Bidder’s Statement, First Supplementary Bidder’s Statement and announcement released on the Australian Securities Exchange today:
Mincor is an ASX listed Australian company involved in the exploration for and mining of mineral resources. Mincor has two major projects: (1) the Kambalda Nickel Operations, which comprise the brownfields Northern Operations and the greenfields Cassini Nickel Mine; and (2) the Widgiemooltha Gold Project, a gold exploration opportunity. See more at: www.mincor.com.au
Some of the statements in this press release may be forward looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. Wyloo Metals does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will Wyloo Metals and its affiliate companies be liable to anyone for any decision made or action taken in connection with the information and/or statements in this press release or for any related damages.