KRR has announced it has entered into an agreement with Westgold Resources (ASX WGX, OTCQX WGXRF, Restricted) to merge via a plan of arrangement. Under the merger terms, KRR shareholders will receive 2.524 WGX shares, A$0.68 in cash and 0.3 of a share in a new de-merged entity valuing KRR at C$5.90. The merger has been unanimously recommended by the Boards of both WGX and KRR. Post completion KRR shareholders will own 49.9% of the merged entity plus shares in the new demerged exploration entity. We are on research restrictions on KRR.
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