Argonaut is acting as Sole Financial Adviser to Westgold Resources Limited (ASX: WGX) (OTCQX: WGXRF) on its $2.2 billion Plan of Arrangement with Karora Resources Limited (TSX: KRR) (OTCQX: KRRGF).
The transaction will create a leading Australian mid-tier gold producer with production of +400kozpa across seven operating mines with full exposure to the gold price.
Karora’s Board and Management team have signed support agreements to vote in favour of the transaction. In addition, key institutional shareholders including Eric Sprott have signed support agreements or otherwise indicated that they would support the deal.
Westgold will be listed on ASX and TSX following implementation of the Plan.
Argonaut is delighted to be supporting Westgold on this transaction and looks forward to its implementation in July 2024.
