Brief: Westgold Resources And Karora Resources Agreed To Combine In A Merger
08/04/2024 24:17
April 8 (Reuters) - Westgold Resources Ltd WGX.AX :
* MERGER TO CREATE 400 KOZPA AUSTRALIAN GOLD MINER
* WESTGOLD RESOURCES AND KARORA RESOURCES AGREED TO COMBINE
IN A
MERGER
* KARORA SHAREHOLDERS WILL RECEIVE 2.524 WESTGOLD SHARES,
A$0.68
IN CASH AND 0.30 OF A SHARE IN A NEW COMPANY TO BE DE-MERGED
* UPON COMPLETION OF TRANSACTION, CO'S SHAREHOLDERS WILL OWN
50.1%
OF COMBINED CO
* OFFER CONSIDERATION REPRESENTS A$6.60 PER KARORA SHARE
* TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY BOARDS OF
DIRECTORS
OF WESTGOLD AND KARORA
Further company coverage: WGX.AX
((Reuters.Briefs@thomsonreuters.com;))
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