Wyloo Metals declares its offer for Mincor Resources Best and Final

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Wyloo Consolidated Investments Pty Ltd ACN 646 337 439 (Wyloo Consolidated), a subsidiary of Wyloo Metals Pty Ltd (Wyloo Metals), provides the following update in relation to the on-market takeover offer (the Offer) for all of the shares in Mincor Resources NL (ASX: MCR) (Mincor) that are not owned by Wyloo Consolidated, Wyloo Metals or Tattarang Pty Ltd as trustee for The Peepingee Trust, (collectively Wyloo) announced on 21 March 2023.

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:

Bidder’s statement

Broker Letter

First supplementary bidder’s statement