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Westgold completes sale of Lakewood facility in Australia to Black Cat Syndicate

GlobalData
Summary
Nutrition label

80% Informative

Westgold Resources has divested its Lakewood Mill processing facility near Kalgoorlie , Australia , to Black Cat Syndicate for a total consideration of A$85m ($ 53.2 m) The deal involves Black Cat acquiring 100% of the shares in Karora ( Lakewood ), which will be renamed Black Cat .

The deal comprises A$ 70 m in cash, paid in instalments over nine months , and A$ 15 m in Black Cat shares.

VR Score

77

Informative language

73

Neutral language

91

Article tone

formal

Language

English

Language complexity

58

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

Source diversity

1

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