TORONTO and PERTH, Australia, Aug. 1, 2024 /CNW/ – Westgold Resources Limited (ASX: WGX; OTCQX: WGXRF – Westgold or the Company) and Karora Resources Inc. (TSX: KRR; OTCQX: KRRGF – Karora) are pleased to announce the completion of the merger of Westgold and Karora to create a leading mid-tier gold producer and international gold company expected to be dual listed on the Australian Securities Exchange (ASX) and Toronto Stock Exchange (TSX).
Westgold has acquired 100% of the issued and outstanding shares of Karora (Karora Shares) by way of a statutory plan of arrangement under the Canada Business Corporations Act (the Arrangement). The merger creates a larger, more diversified and, subject to the final approval of the TSX, dual listed gold company, which:
- is globally investable – a mid-tier gold producer operating exclusively in Western Australia with a highly complementary combination of mining and processing assets,…
