Karora Resources (TSE:KRR) has released an update.
Institutional Shareholder Services (ISS), a prominent proxy advisory firm, has endorsed the proposed merger between Karora Resources and Westgold Resources, highlighting the potential for significant cost synergies, a stronger financial foothold, and diversification benefits for shareholders. As part of the arrangement, Karora shareholders are set to receive both cash and Westgold shares, offering immediate value and the prospect of future gains with the newly combined entity.
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