Brief: Karora Resources Announces C$50 Million Bought Deal Financing
25/05/2022 24:10
May 24 (Reuters) - Karora Resources Inc KRR.TO :
* KARORA RESOURCES ANNOUNCES C$50 MILLION BOUGHT DEAL
FINANCING
* KARORA RESOURCES-UNDERWRITERS HAVE AGREED TO PURCHASE, ON
BOUGHT
DEAL BASIS, 10,417,000 COMMON SHARES AT C$4.80 PER SHARE
* KARORA- CO INTENDS TO USE NET PROCEEDS RECEIVED FROM
OFFERING TO
FUND A PORTION OF CASH CONSIDERATION DUE AT A CLOSING OF
LAKEWOOD MILL ACQUISITION
Source text for Eikon: ID:nGNXccGfwC
Further company coverage: KRR.TO
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