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Westgold Resources ( (AU:WGX) ) just unveiled an announcement.
Westgold Resources Limited has announced a General Meeting for shareholders to approve a financial assistance resolution following the acquisition of Karora Resources Inc. The meeting’s agenda includes the requirement for Karora’s subsidiaries to become guarantors under an existing financing agreement, essential for compliance with corporate regulations. This development follows the company’s efforts to strengthen its financial position by expanding its revolving corporate facility, indicating a strategic move to enhance its operations and market standing.
More about Westgold Resources
Westgold Resources Limited is a company engaged in the mining industry, particularly focusing on gold production and related activities. The company operates in Australia and has positioned itself as a significant player in the resource sector through strategic acquisitions and expansions.
YTD Price Performance: -17.07%
Average Trading Volume: 82,640
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.46B
See more data about WGX stock on TipRanks’ Stock Analysis page.
