Westgold Resources (AU:WGX) has released an update.
Institutional Shareholder Services Inc. (ISS) has recommended that Karora Resources Inc. shareholders vote in favor of the proposed merger with Westgold Resources, highlighting the strategic benefits such as cost synergies, financial strength, and greater diversification. The merger, which has been unanimously approved by both companies’ boards, is poised to create a significant presence in the Australian gold sector under the name Westgold 3.0, promising considerable growth and international appeal. Shareholders are set to vote on the merger on July 19, 2024, with the transaction expected to be finalized by the end of July.
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