TORONTO, March 27, 2024 /CNW/ – Karora Resources Inc. (TSX: KRR) (“Karora”) notes the announcement today by Ramelius Resources Ltd (ASX: RMS) that it is no longer in exclusive discussions with Karora regarding a potential transaction. Karora confirms that it has exited such discussions.
Karora also confirms that it is currently engaged in exclusive negotiations with a new third party regarding a potential business combination. No definitive agreement has been reached and there can be no assurance that any transaction will result from these discussions. Even if a final transaction is agreed upon, there can be no assurances as to its terms, structure or timing. Karora does not intend to make any additional comments regarding these discussions or any potential transaction unless a definitive agreement has been reached.
About Karora Resources
Karora is focused on increasing gold production at its integrated Beta Hunt Gold Mine and…
