Goldway Capital Investment Limited announced that it has received acceptances from MC Mining Limited (ASX:MCM) shareholders representing 83.67% of the issued capital of MCM. Accordingly, the defeating condition set out in paragraph (a) of Section 13.9 of Goldway's bidder's statement dated 2 February 2024 (Bidder's Statement), requiring acceptances for at least 50.1% or more of the MCM Shares that it does not have a relevant interest at the commencement date of the Offer (Minimum Acceptance Condition), has been fulfilled. As noted in Goldway's third supplementary bidder's statement dated 21 March 2024, Goldway has undertaken to waive all other defeating conditions in Section 13.9 of the Bidder's Statement, which have not yet been fulfilled, immediately upon the Minimum Acceptance Condition being satisfied.

Accordingly, Goldway will shortly announce that it will free the Offer of all defeating conditions.