Westgold Resources (AU:WGX) has released an update.
Westgold Resources Limited is set to acquire all issued and outstanding common shares of Karora Resources, as the Ontario Superior Court of Justice approves the plan of arrangement. The transaction, which has already received approval from Karora shareholders, is expected to close effectively on August 1, 2024. Karora shareholders will receive a combination of Westgold shares, cash, and a share of Culico Metals Inc. in exchange for their shares.
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