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];))
News: WGX Westgold Resources And Karora Resources Agreed To Combine In A Merger
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