WGX 3.91% $2.70 westgold resources limited.

April 8 (Reuters) - Westgold Resources Ltd (WGX) : MERGER TO...

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    April 8 (Reuters) - Westgold Resources Ltd (WGX) :

    • 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

    (([email protected];))

 
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