Silver Standard Resources (TSX:SSO) and Claude Resources (TSX:CRJ) have announced the receipt of the required shareholder approvals for the previously announced plan of arrangement.
As quoted in the press release:
On closing of the Arrangement, all of Claude Resources issued and outstanding common shares will be exchanged on the basis of 0.185 of a Silver Standard common share (the âConsideration Sharesâ) and C$0.001 in cash per Claude Resources common share.
The Arrangement was approved by approximately 94% of the votes cast by Claude Resources shareholders at the special meeting of shareholders that was held today. Silver Standard shareholders approved the issuance of the Consideration Shares by approximately 93% of the votes cast at Silver Standard’s annual and special meeting of shareholders that was also held today. The transaction is expected to close on May 31, 2016 following receipt of final court approval and other customary closing conditions.
Click here to read the full press release.
Download this FREE Special Report, When Will Silver Go Up: Is the Highest Price of Silver Still to Come?
Â
The post Silver Standard Acquires Claude Resources appeared first on Investing News Network.
Wolfden Resources (TSXV:WLF) has announced that additional deep drill holes in the company's ongoing infill and…
Gold Set to Soar Above $1,300 – Goldman and Bank of America – Growing fiscal…
The finest-known 1792 silver half disme, once in the possession of then-Secretary of State Thomas…
In precious metals futures action Tuesday, gold and palladium climbed for a second straight session…
The finest known 1792 silver Half Disme, once in the possession of then-Secretary of State…
Goldnomics Podcast: Silver Guru – David Morgan – Silver and Gold Will Protect in the…