Karora Resources (TSE:KRR) has released an update.
Karora Resources Inc. has announced the filing and mailing of materials for a special meeting where shareholders will vote on a proposed arrangement with Westgold Resources and Culico Metals, a subsidiary of Karora. The arrangement aims to offer a premium and additional benefits to Karora Shareholders, with unanimous backing from the board and a special committee. Shareholders’ approval is essential, with a two-thirds majority needed to pass the resolution.
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