Westgold’s Karora Acquisition Moves Forward

Westgold Resources (AU:WGX) has released an update.

Westgold Resources Limited has announced the Takeovers Panel’s rejection of Ramelius Resources Limited’s claim of unacceptable circumstances concerning Westgold’s planned acquisition of Karora Resources Inc. The arrangement, which has received unanimous support from the boards of both Westgold and Karora, is proceeding with amendments to the initial agreement. Westgold’s bid to acquire Karora is fully endorsed by the Karora Board, with a transaction completion date set for 31 July 2024.

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