Wyloo Metals has announced the on-market takeover offer for Mincor Resources.

The potential purchase of Mincor aligns with Wyloo's approach to investing in and advancing ventures that will generate the essential resources required for the swift transition to a carbon-neutral economy worldwide. Wyloo is offering Mincor shareholders an immediate opportunity to sell their holdings at a substantial premium to Mincor's recent closing price. Wyloo's Offer is unconditional, allowing shareholders to sell their Mincor shares through Wyloo's on-market bid and receive a guaranteed cash value today. 

With regard to the acquisition, Wyloo Consolidated has hired Clayton Utz as its legal counsel and BofA Securities to serve as its financial advisor.