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.