07:14:39 EDT Wed 02 Jul 2025
Enter Symbol
or Name
USA
CA



Karora Resources Inc (2)
Symbol KRR
Shares Issued 178,894,113
Close 2024-08-01 C$ 6.54
Market Cap C$ 1,169,967,499
Recent Sedar Documents

Karora Resources to be delisted from TSX Aug. 2

2024-08-01 19:38 ET - Shares Delisted from TSX

The Toronto Stock Exchange reports that Karora Resources Inc. will be delisted at the close on Aug. 2, 2024. According to the TSX, Westgold Resources Ltd. has acquired all of the issued and outstanding common shares of Karora, pursuant to a plan of arrangement.

The TSX reports that Karora shareholders will receive 600.8 cents in cash 2.524 ordinary shares of Westgold and 0.3 of a common share of Culico Metals Inc. (Spinco) per Karora share held. No fractional Westgold shares or fractional Spinco shares shall be issued to Karora shareholders pursuant to the arrangement. To the extent the total number of Westgold shares or Spinco shares that a Karora shareholder would otherwise be entitled to receive under the arrangement includes a fractional share, the actual number of Westgold shares or Spinco shares, as applicable, to be received by the Karora shareholder will, without additional compensation, be rounded down to the nearest whole number of such shares. To the extent the total cash consideration that a Karora shareholder would otherwise be entitled to receive under the arrangement includes a fraction of one cent, the total cash amount will be rounded down to the nearest whole cent.

To receive consideration, Karora shareholders must return the letter of transmittal together with share certificates or DRS advices to Computershare Investor Services Inc. at its principal offices in Toronto. For more information, see Karora's management information circular dated June 17, 2024, available on SEDAR+. The TSX has also issued a separate bulletin regarding the listing of Westgold shares. It is understood that Spinco has applied to list the Spinco shares on the TSX Venture Exchange through the TSX-V sandbox. Listing is subject to the approval of the TSX-V and satisfying all of the listing requirements imposed by TSX-V. The TSX-V will issue a bulletin if and when the Spinco shares are to be listed on the TSX-V.

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