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Wyloo extends Mincor bid

3rd May 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Suitor Wyloo Metals has extended its takeover offer for nickel miner Mincor Resources until the end of business on May 22.

Wyloo’s shareholding in Mincor currently stood at 61.64%, with the Mincor director continuing to unanimously recommend that the company’s remaining shareholders accept the A$1.40 a share offer.

Mincor also reminded shareholders on Wednesday that Wyloo’s current offer was its best and final, and would not be increased unless a superior proposal was received.

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Edited by Creamer Media Reporter

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