Is the math correct here: Listed shares out based on TMX data, total shares based on Wyloo's statement they can hold 37% if all their options and warrants are exercised.

Wyloo's first condition on the offer is aquiring 66.67% of oustanding shares. They state they can own up to 190,270,066 shares (37%) of out 514,243,421 shares.

66.67% of 514,243,421 shares is 342,846,088. Wyloo needs 152,576,022 shares to get to 66.67% and at the current $0.32 that's $48,824,327.

Wyloo holds warrants that can convert to 1,774,664 shares at $0.35: $621,132. They also have a $15 million convertable loan for 90,536,252 shares.

$48,824,327 + $621,132 + $15,000,000 = $64,445,459 to get to 66.67%

Add in the $14,800,000 they paid for the RCF block, Wyloo might pay $79,245,459 to privatize the Ring.

Wyloo numbers:

https://www.globenewswire.com/news-release/2021/05/25/2235325/0/en/Wyloo-Metals-Announces-Intention-to-Make-an-All-Cash-Offer-for-Noront-Resources-at-CDN-0-315-Per-Share.html

https://www.globenewswire.com/en/news-release/2020/12/07/2140542/0/en/Wyloo-Metals-to-purchase-cornerstone-position-in-Noront-Resources-from-Resource-Capital-Fund-V-L-P.html