09:50 AM EST - Karora Resources Inc. : Has closed the acquisition of 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, which is subject to customary adjustments for working capital and other items, is comprised of A$70 million in cash and A$10 million in Karora shares. Karora has successfully tolled Beta Hunt material through the Lakewood mill, achieving 94% Au recovery. Karora Resources Inc.
shares T.KRR are trading down $0.02 at $2.80.
