Wyloo Metals to acquire the remaining 80% stake in Mincor Resources for $407m.

Wyloo Metals, a mining company, agreed to acquire the remaining 80% stake in Mincor Resources, a company focused on re-establishing nickel production, for $407m. “Wyloo is providing an immediate opportunity for all Mincor shareholders who wish to dispose of their holdings to do so at a significant premium to Mincor’s last closing price. Wyloo’s Offer is unconditional; shareholders can sell into Wyloo’s on-market bid today and receive certain cash value for their Mincor shares," Luca Giacovazzi, Wyloo Metals CEO. On April 4, Mincor Resources recommended that its shareholders vote in favour of a buyout bid from Wyloo Metals.