RE:Manipulated down for this?How are they related ?
jjeerryy wrote: TORONTO, July 14, 2020 /CNW/ - Karora Resources Inc. (TSX: KRR) ("Karora" or the "Corporation") is pleased to announce that Eric Sprott has agreed to increase his ownership in Karora by 26 million shares. In a strategic move, Karora has worked alongside Maverix Metals Inc. ("Maverix") to effectively place the entire planned share issuance previously announced June 30, 2020 (see Karora news release dated June 30, 2020). In lieu of issuing shares to Maverix, Karora will use the proceeds from total of 36.5 million common shares to be issued to Eric Sprott and one other institutional investor to complete the previously announced Maverix transaction with an all-cash consideration of US$18 million (subject to the conditions described in the Karora news release dated June 30, 2020). The shares of Karora to be issued to Mr. Sprott and the institutional investor will be issued at the same $0.506 price per share that had been agreed with Maverix. Subject to completion of the transactions, no common shares of Karora will be issued to Maverix. Paul Andre Huet, Chairman & CEO of Karora, commented: "I am very excited that Eric Sprott, a highly influential and well-known leader in the resource investment community and one of the world's premiere gold and silver investors, has significantly increased his investment in Karora. This investment is a strong endorsement of the confidence Mr. Sprott has in both our execution over the past year and our plans to unlock the value of our Western Australian gold mining assets." In total, Karora intends to issue 36.5 million common shares, made up of 26 million shares to Eric Sprott and the balance expected to be to another institutional investor. The completion of this investment transaction is subject to the approval of the Toronto Stock Exchange and other customary conditions. A cash finder's fee will be payable to certain third parties in connection with this private placement of Karora shares. Ab]TORONTO, July 14, 2020 /CNW/ - Karora Resources Inc. (TSX: KRR) ("Karora" or the "Corporation") is pleased to announce that Eric Sprott has agreed to increase his ownership in Karora by 26 million shares. In a strategic move, Karora has worked alongside Maverix Metals Inc. ("Maverix") to effectively place the entire planned share issuance previously announced June 30, 2020 (see Karora news release dated June 30, 2020). In lieu of issuing shares to Maverix, Karora will use the proceeds from total of 36.5 million common shares to be issued to Eric Sprott and one other institutional investor to complete the previously announced Maverix transaction with an all-cash consideration of US$18 million (subject to the conditions described in the Karora news release dated June 30, 2020). The shares of Karora to be issued to Mr. Sprott and the institutional investor will be issued at the same $0.506 price per share that had been agreed with Maverix. Subject to completion of the transactions, no common shares of Karora will be issued to Maverix. Paul Andre Huet, Chairman & CEO of Karora, commented: "I am very excited that Eric Sprott, a highly influential and well-known leader in the resource investment community and one of the world's premiere gold and silver investors, has significantly increased his investment in Karora. This investment is a strong endorsement of the confidence Mr. Sprott has in both our execution over the past year and our plans to unlock the value of our Western Australian gold mining assets." In total, Karora intends to issue 36.5 million common shares, made up of 26 million shares to Eric Sprott and the balance expected to be to another institutional investor. The completion of this investment transaction is subject to the approval of the Toronto Stock Exchange and other customary conditions. A cash finder's fee will be payable to certain third parties in connection with this private placement of Karora shares. Ab
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TORONTO,
July 14, 2020 /CNW/ - Karora Resources Inc. (TSX:
KRR) ("Karora" or the "Corporation") is pleased to announce that
Eric Sprott has agreed to increase his ownership in Karora by 26 million shares. In a strategic move, Karora has worked alongside Maverix Metals Inc. ("Maverix") to effectively place the entire planned share issuance previously announced
June 30, 2020 (see Karora news release dated
June 30, 2020).
In lieu of issuing shares to Maverix, Karora will use the proceeds from total of 36.5 million common shares to be issued to Eric Sprott and one other institutional investor to complete the previously announced Maverix transaction with an all-cash consideration of US$18 million (subject to the conditions described in the Karora news release dated June 30, 2020). The shares of Karora to be issued to Mr. Sprott and the institutional investor will be issued at the same $0.506 price per share that had been agreed with Maverix. Subject to completion of the transactions, no common shares of Karora will be issued to Maverix.
Paul Andre Huet, Chairman & CEO of Karora, commented: "I am very excited that Eric Sprott, a highly influential and well-known leader in the resource investment community and one of the world's premiere gold and silver investors, has significantly increased his investment in Karora. This investment is a strong endorsement of the confidence Mr. Sprott has in both our execution over the past year and our plans to unlock the value of our Western Australian gold mining assets."
In total, Karora intends to issue 36.5 million common shares, made up of 26 million shares to Eric Sprott and the balance expected to be to another institutional investor. The completion of this investment transaction is subject to the approval of the Toronto Stock Exchange and other customary conditions. A cash finder's fee will be payable to certain third parties in connection with this private placement of Karora shares.[url=TORONTO, July 14, 2020 /CNW/ - Karora Resources Inc. (TSX: KRR) ("Karora" or the "Corporation") is pleased to announce that Eric Sprott has agreed to increase his ownership in Karora by 26 million shares. In a strategic move, Karora has worked alongside Maverix Metals Inc. ("Maverix") to effectively place the entire planned share issuance previously announced June 30, 2020 (see Karora news release dated June 30, 2020). In lieu of issuing shares to Maverix, Karora will use the proceeds from total of 36.5 million common shares to be issued to Eric Sprott and one other institutional investor to complete the previously announced Maverix transaction with an all-cash consideration of US$18 million (subject to the conditions described in the Karora news release dated June 30, 2020). The shares of Karora to be issued to Mr. Sprott and the institutional investor will be issued at the same $0.506 price per share that had been agreed with Maverix. Subject to completion of the transactions, no common shares of Karora will be issued to Maverix. Paul Andre Huet, Chairman & CEO of Karora, commented: "I am very excited that Eric Sprott, a highly influential and well-known leader in the resource investment community and one of the world's premiere gold and silver investors, has significantly increased his investment in Karora. This investment is a strong endorsement of the confidence Mr. Sprott has in both our execution over the past year and our plans to unlock the value of our Western Australian gold mining assets." In total, Karora intends to issue 36.5 million common shares, made up of 26 million shares to Eric Sprott and the balance expected to be to another institutional investor. The completion of this investment transaction is subject to the approval of the Toronto Stock Exchange and other customary conditions. A cash finder's fee will be payable to certain third parties in connection with this private placement of Karora shares. Ab]TORONTO, July 14, 2020 /CNW/ - Karora Resources Inc. (TSX: KRR) ("Karora" or the "Corporation") is pleased to announce that Eric Sprott has agreed to increase his ownership in Karora by 26 million shares. In a strategic move, Karora has worked alongside Maverix Metals Inc. ("Maverix") to effectively place the entire planned share issuance previously announced June 30, 2020 (see Karora news release dated June 30, 2020). In lieu of issuing shares to Maverix, Karora will use the proceeds from total of 36.5 million common shares to be issued to Eric Sprott and one other institutional investor to complete the previously announced Maverix transaction with an all-cash consideration of US$18 million (subject to the conditions described in the Karora news release dated June 30, 2020). The shares of Karora to be issued to Mr. Sprott and the institutional investor will be issued at the same $0.506 price per share that had been agreed with Maverix. Subject to completion of the transactions, no common shares of Karora will be issued to Maverix. Paul Andre Huet, Chairman & CEO of Karora, commented: "I am very excited that Eric Sprott, a highly influential and well-known leader in the resource investment community and one of the world's premiere gold and silver investors, has significantly increased his investment in Karora. This investment is a strong endorsement of the confidence Mr. Sprott has in both our execution over the past year and our plans to unlock the value of our Western Australian gold mining assets." In total, Karora intends to issue 36.5 million common shares, made up of 26 million shares to Eric Sprott and the balance expected to be to another institutional investor. The completion of this investment transaction is subject to the approval of the Toronto Stock Exchange and other customary conditions. A cash finder's fee will be payable to certain third parties in connection with this private placement of Karora shares.
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