King River Resources Ltd T.KRR

Primary Symbol: KRCLF

Metals & Mining Industrial Metals & Minerals

King River Resources Limited is an Australia-based exploration and mining company. The Company operates through two segments: ARC High Purity Alumina (HPA), and Exploration and Evaluation. ARC HPA Project segment develops the ARC HPA process and precursor compound to produce HPA. Exploration and Evaluation segment is engaged in exploration and evaluation activities of its gold projects in Australia. The Company’s projects include Rover East Project, Tennant Creek East Project, Barkly Project, Mt Remarkable Project and Kurundi Project. The Mt Remarkable Project is located 200km southwest of Kununurra in the East Kimberley, Western Australia and covers over 2,100 square kilometers of adjacent and/or nearby granted exploration licenses. The Tennant Creek Project is located to the East, Southeast and South of the rich historic goldfields of Tennant Creek comprising gold-copper exploration leases and applications measuring some 6,000 square kilometers.

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King River Resources Ltd > Westgold and KRR deal

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Comment by Highwired7on Apr 07, 2024 8:12pm

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Post# 35975959

RE:Westgold and KRR deal

BRIEF-Westgold Resources And Karora Resources Agreed To Combine In A Merger April 8 (Reuters) - Westgold Resources Ltd: * MERGER TO CREATE 400 KOZPA AUSTRALIAN GOLD MINER * WESTGOLD RESOURCES AND KARORA RESOURCES AGREED TO COMBINE IN A MERGER * KARORA SHAREHOLDERS WILL RECEIVE 2.524 WESTGOLD SHARES, A$0.68 IN CASH AND 0.30 OF A SHARE IN A NEW COMPANY TO BE DE-MERGED * UPON COMPLETION OF TRANSACTION, CO’S SHAREHOLDERS WILL OWN 50.1% OF COMBINED CO * OFFER CONSIDERATION REPRESENTS A$6.60 PER KARORA SHARE * TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY BOARDS OF DIRECTORS OF WESTGOLD AND KARORA

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