News: WSA IGO Ltd Secures Wyloo Commitment To Support Announced Scheme To Acquire Western Areas

Feb 17 (Reuters) - IGO Ltd (IGO) :

• SECURES WYLOO COMMITMENT TO SUPPORT ANNOUNCED SCHEME OF ARRANGEMENT TO ACQUIRE WESTERN AREAS
• WYLOO CONSOLIDATED COMMITTED IT WILL NOT ACQUIRE OR DISPOSE OF ANY WESTERN AREAS SHARES OTHER THAN PURSUANT TO IMPLEMENTATION OF SCHEME
• IGO & WYLOO METALS PTY HAVE ENTERED INTO AGREEMENT TO JOINTLY EVALUATE OPPORTUNITIES FOR NICKEL DOWNSTREAM PROCESSING IN AUSTRALIA
• SCHEME IS NOW INDEPENDENTLY SUPPORTED BY EACH OF WYLOO CONSOLIDATED AND PERPETUAL LIMITED, IN THE ABSENCE OF A SUPERIOR PROPOSAL
• FOLLOWING CONCLUSION OF STUDY UNDER DEAL PARTIES WOULD THEN FORM A 70:30 JOINT VENTURE OF IGO AND WYLOO METALS RESPECTIVELY
• SCHEME EXPECTED TO BE COMPLETED BY EARLY MAY 2022