Karora Resources Inc. is pleased to announce it has received approval from the Toronto Stock Exchange to renew its normal course issuer bid to purchase up to no more than 8,492,971 of its issued and outstanding common shares. Purchases under the Bid may commence on July 20, 2022. The Bid will expire no later than July 19, 2023. Purchases of common [...]
Karora Resources Inc. is pleased to announce it has closed the previously announced senior secured $80 million Credit Agreement with Macquarie Bank Limited. The Credit Agreement provides for a $40 Million term loan and a $40 million revolving credit facility, both bearing an interest rate of the Canadian Dealer Offered Rate +4.5% per annum on the [...]
Karora Resources Inc. is pleased to announce consolidated gold production of 30,652 ounces for the second quarter of 2022 from its Beta Hunt and Higginsville mines. Gold sales for the quarter were 30,398 ounces. Karora's consolidated unaudited cash balance was $114 million as of June 30, 2022. Paul Andre Huet, Chairman & CEO, commented: "I am very [...]
Karora Resources Inc. is pleased to announce the voting results of its annual and special meeting of shareholders held today. Election of Directors The nominee directors listed in Karora's management information circular dated May 16, 2022 were elected as directors. Shareholders present in person or represented by proxy at the meeting voted as [...]
Karora Resources Inc. is pleased to announce that it has closed its previously announced bought deal financing of 14,375,000 common shares of the Corporation, at a price of $4.80 per Common Share, for gross proceeds to the Corporation of $69,000,000, including the exercise in full of the Underwriters' over-allotment option. The Offering was [...]
Karora Resources Inc. is pleased to announce that Institutional Shareholder Services and Glass Lewis & Co have both recommended that Karora shareholders vote FOR all proposals that are outlined in Karora's Notice and Information Circular dated May 16, 2022 prepared in respect of the annual and special meeting of Karora shareholders scheduled for [...]
Karora Resources Inc. is pleased to announce it has agreed to refinance its current credit facility with a lower-cost senior secured $80 million Credit Agreement with Macquarie Bank Limited . The Credit Agreement provides for a $40 Million term loan and a $40 million revolving credit facility, both bearing an interest rate of Canadian Dealer [...]
Karora Resources Inc. is pleased to announce that it has entered into a binding agreement to acquire the operating, fully permitted 1.0 Mtpa Lakewood Mill gold processing facility located near Kalgoorlie, Western Australia, approximately 60 kilometres from the Beta Hunt Mine. The acquisition price of A$80 million is comprised of A$70 million in [...]
Karora Resources Inc. is pleased to announce that development of the second decline at Beta Hunt is tracking on cost and ahead of schedule with the estimated completion date now brought forward to Q1 2023 from mid-2023. The second decline at Beta Hunt is integral to Karora's production growth plan to double throughput at Beta Hunt to 2 Mtpa and [...]
Karora will host a call/webcast on May 12, 2022 at 10:00 a.m. to discuss the first quarter 2022 results. North American callers please dial: 1-888-220-8474, international callers please dial: 647-484-0475. For the webcast of this event click [here] . Karora Resources Inc. is pleased to announce its financial results and review of activities for the three [...]
Highlights: Beta Hunt Nickel Measured and Indicated Mineral Resources increased by 22% to 19,600 nickel tonnes and Inferred Mineral Resource increased by 52% to 13,200 nickel tonnes ounces Significant addition includes the Maiden 50C Trend Resource comprising Measured and Indicated 153k tonnes @ 2.8% Ni for 4,300 nickel tonnes and Inferred 124k [...]
Karora Resources Inc. is pleased to announce the appointment of Mr. Tony Makuch to the role of Special Advisor to the Corporation. Mr. Makuch brings extensive gold industry management, technical and operating experience, most recently as former CEO and director of Agnico Eagle Mines Ltd.. Paul A Huet, Chairman and CEO of Karora, commented "I am [...]
