Karora Resources Files Management Information Circular in Connection with Proposed Arrangement

Karora Board and Special Committee unanimously recommend that Shareholders vote FOR the Arrangement

TORONTO, June 21, 2024 /CNW/ - Karora Resources Inc. (TSX:KRR.TO) (OTCQX:KRRGF) ("Karora" or the "Corporation") today announced that it has filed and is in the process of mailing the management information circular (the "Circular") and related materials for the annual general and special meeting (the "Meeting") of shareholders of Karora ("Karora Shareholders") to be held July 19, 2024. At the Meeting, Karora Shareholders will be asked to consider and vote on, among other things, a special resolution (the "Arrangement Resolution") approving a statutory plan of arrangement pursuant to Section 192 of the Canada Business Corporations Act (the "Arrangement"), subject to the terms and conditions of an arrangement agreement dated April 8, 2024 (the "Arrangement Agreement") entered into among Karora, Westgold Resources Limited ("Westgold"), 1474429 B.C. Ltd., a wholly owned subsidiary of Westgold, and Culico Metals Inc. (formerly 1000853883 Ontario Inc.) ("SpinCo"), a wholly owned subsidiary of Karora, all as more particularly described in the Circular.