Wyloo

Alamos Gold Announces Acquisition of Orford Mining Including the Qiqavik Gold Project

Retrieved on: 
Monday, January 15, 2024
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The acquisition will consolidate Alamos’ existing ownership of Orford shares through which the Company will add the highly prospective Qiqavik Gold Project, located in Quebec, Canada.

Key Points: 
  • The acquisition will consolidate Alamos’ existing ownership of Orford shares through which the Company will add the highly prospective Qiqavik Gold Project, located in Quebec, Canada.
  • Under the terms of the Agreement, Orford shareholders will receive 0.005588 of an Alamos common share for each Orford share.
  • Excluding Alamos’ existing ownership of Orford, Alamos expects to issue approximately 0.9 million shares for total consideration of C$16 million.
  • Qiqavik fits that strategy perfectly as an attractive early-stage gold project, located in one of top mining jurisdictions in the world.

Wyloo Metals Completes Acquisition of Noront Resources; Eagle’s Nest to Set New Global Benchmark in Sustainable Mining

Retrieved on: 
Thursday, April 7, 2022
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PERTH, Australia, April 07, 2022 (GLOBE NEWSWIRE) -- Wyloo Metals Pty Ltd (Wyloo Metals) has successfully completed its acquisition of Noront Resources Ltd. (Noront) (TSXV:NOT), committing to transform the Eagles Nest nickel deposit into the new global standard for responsible mining practices.

Key Points: 
  • PERTH, Australia, April 07, 2022 (GLOBE NEWSWIRE) -- Wyloo Metals Pty Ltd (Wyloo Metals) has successfully completed its acquisition of Noront Resources Ltd. (Noront) (TSXV:NOT), committing to transform the Eagles Nest nickel deposit into the new global standard for responsible mining practices.
  • As a result, Wyloo Metals has acquired all of the common shares of Noront that it did not already own.
  • Wyloo Metals was founded to ensure a successful transition to a lower carbon future by supplying the necessary critical metals to the world.
  • Wyloo Metals intends to apply these technologies alongside traditional knowledge from local communities to ensure Eagles Nest is a truly sustainable development.

Wyloo Metals Completes Acquisition of Noront

Retrieved on: 
Thursday, April 7, 2022
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TORONTO, April 07, 2022 (GLOBE NEWSWIRE) -- Noront Resources Ltd. ("Noront") (TSXV: NOT) is pleased to announce the successful completion of its previously-announced statutory plan of arrangement under the provisions of the Business Corporations Act (Ontario) (the "Arrangement") involving Wyloo Metals Pty Ltd. ("Wyloo Metals") and its wholly-owned subsidiary, Wyloo Canada AcquisitionCo Pty Ltd. (the "Purchaser" and, together with Wyloo Metals and any of their affiliates, the "Wyloo Parties").

Key Points: 
  • TORONTO, April 07, 2022 (GLOBE NEWSWIRE) -- Noront Resources Ltd. ("Noront") (TSXV: NOT) is pleased to announce the successful completion of its previously-announced statutory plan of arrangement under the provisions of the Business Corporations Act (Ontario) (the "Arrangement") involving Wyloo Metals Pty Ltd. ("Wyloo Metals") and its wholly-owned subsidiary, Wyloo Canada AcquisitionCo Pty Ltd. (the "Purchaser" and, together with Wyloo Metals and any of their affiliates, the "Wyloo Parties").
  • Paul Parisotto, former Chairman of the Board of Noront, stated: "We are pleased to have closed this transaction with Wyloo Metals, and wish Wyloo Metals all the best in their initiatives to develop the Ring of Fire.
  • This transaction with Wyloo Metals is the result of a lot of hard work and support of many.
  • For More Information About Noront, Please Contact:
    Wyloo Metals is the metals and mining subsidiary of Tattarang, one of Australia's largest private investment groups.

InvestmentPitch Media Video Discusses Orford Mining’s Updates of its $9 Million 2022 Exploration Program, Focusing on High-Grade Gold/Nickel Projects in Quebec

Retrieved on: 
Thursday, April 7, 2022
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The company has more than $9 million in planned exploration spending, including 7,500 metres of diamond drilling over three properties.

Key Points: 
  • The company has more than $9 million in planned exploration spending, including 7,500 metres of diamond drilling over three properties.
  • For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company, along with video comments by David Christie, President and CEO, of Orford Mining.
  • If these links are not enabled, please visit www.InvestmentPitch.com and enter Orford in the search box.
  • The Qiqavik and West Raglan projects comprise a land package totaling over 105,000 hectares in Northern Quebec.

Odey Asset Management calls on IGO Ltd to either raise the Western Areas takeover deal value to match the uplift offered, through a Joint Venture participation, to 9.8% shareholder Wyloo Metals, or to disband the Joint Venture which appears to Odey to be

Retrieved on: 
Monday, March 28, 2022
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LONDON, March 28, 2022 (GLOBE NEWSWIRE) --

Key Points: 
  • The shareholders of Western Areas include Wyloo Metals (Wyloo) which owns a 9.8% stake2 and Odey Asset Management LLP (Odey), which owns a 1.0% stake3.
  • As such, Odey believes that the benefit being offered to Wyloo has properties likely to induce Wyloo, by financial incentive, to accept the offer for Western Areas.
  • The value offered to all shareholders for IGOs proposed takeover of Western Areas must then be raised by this same percentage in cash.
  • Odey also encourages other Western Areas shareholders to make their views clear to both Western Areas, and to IGO, regarding the information in this press release.

Noront Announces Shareholder Approval of Plan of Arrangement With Wyloo Metals; Provides Interim Retention Election Update

Retrieved on: 
Tuesday, March 15, 2022
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Such Pending Retention Elections are expected to be submitted in bulk prior to the expiry of the Retention Election Deadline (as defined below).

Key Points: 
  • Such Pending Retention Elections are expected to be submitted in bulk prior to the expiry of the Retention Election Deadline (as defined below).
  • Together, the Existing Retention Elections and Pending Retention Elections represent an aggregate of 48,469,203 Common Shares, representing approximately 8.6% of the issued and outstanding Common Shares as of the Interim Election Deadline.
  • Shareholders will have until 5:00 p.m. (Toronto time) on March 25, 2022, to submit a Retention Election (or to revoke or revise a previously submitted Retention Election) (the "Retention Election Deadline").
  • Shareholders who do not make a Retention Election prior to the Retention Election Deadline will be deemed under the Arrangement to have elected to receive the Cash Consideration for all their Common Shares.

Noront Reaches Agreement With Wyloo Metals to Acquire Noront for C$1.10 Per Share

Retrieved on: 
Tuesday, December 21, 2021
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Under the Arrangement Agreement, shareholders must make an election to sell (a "Sale Election") all or a portion of their Common Shares to Wyloo Metals in order to receive cash consideration of C$1.10 per Common Share.

Key Points: 
  • Under the Arrangement Agreement, shareholders must make an election to sell (a "Sale Election") all or a portion of their Common Shares to Wyloo Metals in order to receive cash consideration of C$1.10 per Common Share.
  • Wyloo Metals currently holds approximately 37.2% of the outstanding Common Shares (on a basic basis).
  • This termination payment will not be payable if BHP elects to match the Wyloo Offer and Noront and Wyloo Metals therefore do not enter into the Arrangement Agreement.
  • If Noront enters into an Arrangement Agreement with Wyloo Metals, additional information will be provided to Noront shareholders in advance of a Special Meeting of Shareholders to vote on the plan of arrangement.

Noront Board Recommends Wyloo Metals’ Superior Offer

Retrieved on: 
Tuesday, December 21, 2021
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PERTH, Australia, Dec. 21, 2021 (GLOBE NEWSWIRE) -- Wyloo Metals Pty Ltd (Wyloo Metals) has reached an agreement with the Board of Directors of Noront Resources Ltd. (TSXV: NOT, Noront), which has unanimously determined that the Wyloo Metals offer (the Revised Wyloo Offer) is superior to the offer previously made by BHP Western Mining Resources International Pty Ltd (BHP).

Key Points: 
  • PERTH, Australia, Dec. 21, 2021 (GLOBE NEWSWIRE) -- Wyloo Metals Pty Ltd (Wyloo Metals) has reached an agreement with the Board of Directors of Noront Resources Ltd. (TSXV: NOT, Noront), which has unanimously determined that the Wyloo Metals offer (the Revised Wyloo Offer) is superior to the offer previously made by BHP Western Mining Resources International Pty Ltd (BHP).
  • Commenting on the Revised Wyloo Offer, Head of Wyloo Metals Luca Giacovazzi said hes excited to invite shareholders to join Wyloo Metals in revitalising Noront under the leadership of a world-class Board of Directors led by Dr. Andrew Forrest AO, who led Fortescue Metals Group from a junior mining exploration company to one of the worlds largest mining companies with a market capitalisation of approximately A$60 billion.
  • Together with Wyloo Metals, holders of 45.7% of Noronts common shares on a fully diluted basis are supportive of the Revised Wyloo Offer.
  • If BHP does not exercise its right to match, Wyloo Metals and Noront will immediately enter into an Arrangement Agreement.

Noront Acknowledges Receipt of Proposal and Draft Transaction Documents From Wyloo Metals

Retrieved on: 
Tuesday, December 14, 2021
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Forward-looking statements include, but are not limited to, statements regarding: the Wyloo Proposal; and the timing and ability (if at all) of Noront and Wyloo Metals to consummate the Wyloo Proposal.

Key Points: 
  • Forward-looking statements include, but are not limited to, statements regarding: the Wyloo Proposal; and the timing and ability (if at all) of Noront and Wyloo Metals to consummate the Wyloo Proposal.
  • Although Noront believes that the expectations reflected in such forward-looking information and statements are reasonable, such information and statements involve risks and uncertainties, and undue reliance should not be placed on such information and statements.
  • Noront cautions that the foregoing list of material factors and assumptions is not exhaustive.
  • Nothing contained herein shall be deemed to be a forecast, projection or estimate of the future financial performance of Noront.

Wyloo Metals Strongly Improves Offer for Noront

Retrieved on: 
Monday, December 13, 2021
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PERTH, Australia, Dec. 12, 2021 (GLOBE NEWSWIRE) -- Wyloo Metals Pty Ltd (Wyloo Metals) has today provided the board of Noront Resources Ltd. (TSXV: NOT) (Noront) with a letter outlining a further improved offer to acquire up to 100% of the shares in Noront that it does not already own for Cdn$1.10 per share (the Revised Wyloo Offer).

Key Points: 
  • PERTH, Australia, Dec. 12, 2021 (GLOBE NEWSWIRE) -- Wyloo Metals Pty Ltd (Wyloo Metals) has today provided the board of Noront Resources Ltd. (TSXV: NOT) (Noront) with a letter outlining a further improved offer to acquire up to 100% of the shares in Noront that it does not already own for Cdn$1.10 per share (the Revised Wyloo Offer).
  • Following an extensive period of discussion, Wyloo Metals and BHP have been unable to agree terms upon which Wyloo Metals would support a BHP offer for Noront.
  • Wyloo Metals is confident that, after considering the Revised Wyloo Offer, the Noront Board will agree that:
    the terms of the Revised Wyloo Offer are clearly financially superior and also provide greater optionality to Noronts shareholders than the take-over bid proposed by BHP;
    the Revised Wyloo Offer has a greater certainty of success than the take-over bid proposed by BHP; and
    the Revised Wyloo Offer would reasonably be expected to constitute a Superior Proposal under the terms of the support agreement between Noront and BHP.
  • Given Wyloo Metals and Noront recently agreed the form of such an Arrangement Agreement, Wyloo Metals believes that the Revised Wyloo Offer can be formalized on an expedited basis.