TORONTO, June 22,
2023 /CNW/ - Karora Resources Inc. (TSX: KRR)
("Karora" or the "Corporation") is pleased to announce the voting
results of its annual meeting of shareholders held today.
Election of Directors
The nominee directors listed in Karora's management information
circular dated May 19, 2023 were
elected as directors. Shareholders present in person or represented
by proxy at the meeting voted as follows:
Director
|
Votes For
|
Votes
Withheld
|
Peter Goudie
|
79,616,661
|
96.31 %
|
3,051,745
|
3.69 %
|
Scott Hand
|
79,593,865
|
96.28 %
|
3,074,541
|
3.72 %
|
Paul Huet
|
78,574,144
|
95.05 %
|
4,094,262
|
4.95 %
|
Shirley In't
Veld
|
79,690,756
|
96.40 %
|
2,977,650
|
3.60 %
|
Meri Verli
|
81,271,571
|
98.31 %
|
1,396,835
|
1.69 %
|
Chad
Williams
|
80,541,136
|
97.43 %
|
2,127,270
|
2.57 %
|
Other Items
The resolution to reappoint PricewaterhouseCoopers LLP,
Chartered Accountants, as auditors of the Corporation to hold
office until the next annual meeting of shareholders and to
authorize the directors to fix the remuneration to be paid to the
auditors was approved by 97.92% of the votes cast on the
resolution.
About Karora
Resources
Karora is focused on increasing gold production to a targeted
range of 170,000-195,000 ounces by 2024 at its integrated Beta Hunt
Gold Mine and Higginsville Gold Operations ("HGO") in Western Australia. The Higginsville treatment
facility is a low-cost 1.6 Mtpa processing plant, which is fed at
capacity from Karora's underground Beta Hunt mine and Higginsville
mines. In July 2022, Karora acquired
the 1.0 Mtpa Lakewood Mill in Western
Australia. At Beta Hunt, a robust gold Mineral Resource and
Reserve are hosted in multiple gold shears, with gold intersections
along a 4 km strike length remaining open in multiple directions.
HGO has a substantial gold Mineral Resource and Reserve and
prospective land package totaling approximately 1,900 square
kilometers. The Company also owns the high-grade Spargos Reward
project, which came into production in 2021. Karora has a strong
Board and management team focused on delivering shareholder value
and responsible mining, as demonstrated by Karora's commitment to
reducing emissions across its operations. Karora's common shares
trade on the TSX under the symbol KRR and also trade on the OTCQX
market under the symbol KRRGF.
Cautionary Statement Concerning
Forward-Looking Statements
This news release contains "forward-looking information".
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Karora to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Factors that could
affect the outcome include, among others: future prices and the
supply of metals; the results of drilling; inability to raise the
money necessary to incur the expenditures required to retain and
advance the properties; environmental liabilities (known and
unknown); general business, economic, competitive, political and
social uncertainties; results of exploration programs; accidents,
labour disputes and other risks of the mining industry; political
instability, terrorism, insurrection or war; or delays in obtaining
governmental approvals, projected cash operating costs, failure to
obtain regulatory or shareholder approvals. For a more detailed
discussion of such risks and other factors that could cause actual
results to differ materially from those expressed or implied by
such forward-looking statements, refer to Karora's filings with
Canadian securities regulators, including the most recent Annual
Information Form, available on SEDAR at www.sedar.com.
Although Karora has attempted to identify important factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking statements,
there may be other factors that cause actions, events or results to
differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are made as of the date
of this news release and Karora disclaims any obligation to update
any forward-looking statements, whether as a result of new
information, future events or results or otherwise, except as
required by applicable securities laws.
SOURCE Karora Resources Inc.