Wyloo Metals offers to buy Australia's Mincor Resources

Mincor Resources NL

20/03/2023 22:41

March 21 (Reuters) - Australian billionaire Andrew
Forrest-backed Wyloo Metals said on Tuesday its unit offered to
buy all the shares of nickel miner Mincor Resources  MCR.AX  it
does not already own for an implied equity value of A$750.3
million ($504.05 million).

 ($1 = 1.4885 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru; Editing by Shounak
Dasgupta)
 ((Himanshi.Akhand@thomsonreuters.com))