Mincor Resources NL received on-market takeover offer from Wyloo provided

Mincor Resources NL (ASX: MCR) stated that Wyloo Consolidated Investments Pty Ltd, a subsidiary of Wyloo Metals Pty Ltd, has made an on-market takeover offer for all Mincor Resources NL shares not controlled by Wyloo Consolidated. The offer price of AU$1.40 cash per share suggests a fully diluted equity value for Mincor of approximately AU$760 million and represents a 35% premium to the closing price of Mincor shares on 20 March 2023, the final trading day previous to this release, of AU$1.04 per share.

Shareholders who desire to sell their shares under the offer will receive a certain and immediate value for their shares at a large premium to the closing price of Mincor shares on 20 March 2023, with the cash consideration payable on a T+2 basis.

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