08:40:43 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Karora Resources Inc (2)
Symbol KRR
Shares Issued 155,259,707
Close 2022-06-09 C$ 4.09
Market Cap C$ 635,012,202
Recent Sedar Documents

Karora gets ISS, Glass Lewis support for meeting items

2022-06-10 09:50 ET - News Release

An anonymous director reports

KARORA RESOURCES ANNOUNCES THAT LEADING INDEPENDENT PROXY ADVISORY FIRMS ISS AND GLASS LEWIS RECOMMEND KARORA SHAREHOLDERS VOTE FOR ALL PROPOSED ITEMS AT THE UPCOMING SHAREHOLDERS MEETING

Institutional Shareholder Services (ISS) and Glass Lewis & Co. have both recommended that Karora Resources Inc. shareholders vote for all proposals that are outlined in Karora's notice and information circular dated May 16, 2022, prepared in respect of the annual and special meeting of Karora shareholders scheduled for June 16, 2022, at 9 a.m. Toronto time. The deadline for voting is 9 a.m. Toronto time on June 14, 2022.

ISS and Glass Lewis are leading, third party proxy advisory firms who, among other services, provide proxy voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders.

Karora encourages shareholders to read the meeting materials in detail. Copies of the meeting materials, which include instructions as to how to attend the virtual meeting, are available under Karora's profile on SEDAR.

Karora shareholders who have questions or require assistance in order to vote their shares can contact the proxy solicitation agent, Morrow Sodali Inc.

North American toll-free number:  1-888-999-2717

Calls outside North America:  1-289-695-3075

E-mail:  assistance@morrowsodali.com

About Karora Resources Inc.

Karora is focused on increasing gold production to a targeted range of 185,000 to 205,000 ounces by 2024 at its integrated Beta Hunt gold mine and Higginsville gold operations (HGO) in Western Australia. The Higginsville treatment facility is a low-cost 1.6-million-tonne-per-annum processing plant, which is fed at capacity from Karora's underground Beta Hunt mine and Higginsville mines. Karora recently announced the proposed acquisition of the Lakewood mill in Western Australia, which will initially add one-million-tonne-per-annum capacity. At Beta Hunt, a robust gold mineral resource and reserve are hosted in multiple gold shears, with gold intersections along a four-kilometre strike length remaining open in multiple directions. HGO has a substantial mineral gold resource and reserve and prospective land package totalling approximately 1,900 square kilometres. The company also owns the high-grade Spargos Reward project, which came into production in 2021. Karora has a strong board and management team focused on delivering shareholder value and responsible mining, as demonstrated by Karora's commitment to reducing emissions across its operations. Karora's common shares trade on the Toronto Stock Exchange under the symbol KRR and also trade on the OTCQX market under the symbol KRRGF.

We seek Safe Harbor.

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