Westgold lands on the TSX

Westgold Resources (ASX: WGX) has commenced trading on the Toronto Stock Exchange following its merger with Karora Resources.

Westgold acquired 100% of the issued and outstanding shares of Karora, with Karora shares being delisted from the TSX on August 2.

Westgold managing director and chief executive Wayne Bramwell says the merger with Karora creates an ASX and TSX listed, mid-tier gold producer with international appeal.

“Westgold is unhedged, well-funded and focused on delivering shareholder returns,” he said.

“The TSX: WGX listing provides increased liquidity and brings a +400,000oz producer to a broader investor base.

“The listing also sees potential demand from index funds tracking the GDX and GDXJ.

“Westgold is now positioned as a leading intermediate gold producer in Canada and a top five producer in Australia.”