Brief: Karora Announces Agreement With Kalamazoo Resources

Kalamazoo Resources

08/05/2023 15:18

May 8 (Reuters) - Karora Resources Inc  KRR.TO :
    * KARORA ANNOUNCES AGREEMENT WITH KALAMAZOO RESOURCES TO
UNLOCK
LITHIUM EXPLORATION VALUE THROUGH CREATION OF KALI METALS
LIMITED
    * KARORA RESOURCES - ENTERED INTO AGREEMENT WITH KALAMAZOO
TO
CREATE A LITHIUM AND CRITICAL METALS EXPLORATION COMPANY TO BE
CALLED KALI METALS LIMITED
    * KARORA RESOURCES INC - KALAMAZOO TO OWN 55% OF KALI, WITH
KARORA
OWNING REMAINING 45% (PRIOR TO PROPOSED CAPITAL RAISE)
    * KARORA RESOURCES INC - KALI WILL BE LED BY MANAGING
DIRECTOR
GRAEME SLOAN AND NON-EXECUTIVE CHAIRMAN LUKE REINEHR
    * KARORA RESOURCES INC - AS PART OF PROPOSED IPO LISTING ON
ASX,
KALI IS TARGETING TO RAISE APPROXIMATELY A$10 MILLION TO A$12
MILLION (PRIOR TO FEES)
    * KARORA RESOURCES - GRAEME SLOAN HAS BEEN APPOINTED AS
MANAGING
DIRECTOR OF KALI WITH KALAMAZOO'S CHAIRMAN/CEO LUKE REINEHR AS
NON-EXECUTIVE CHAIRMAN

Source text for Eikon:  ID:nCNWHwGFxa 
Further company coverage:  KRR.TO 

 ((Reuters.Briefs@thomsonreuters.com;))