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Klondex Mines says Bison Gold now has court approval for acquisition

As reported last week, Bison shareholders approved the previously announced transaction,
Klondex Mines says Bison Gold now has court approval for acquisition
Klondex Mines is a gold producer

Gold producer Klondex Mines Ltd (TSE:KDX, NYSE:KLDX) saw shares nudge up 0.43% to C$4.64 in Toronto as it further updated on its acquisition of Bison Gold Resources (CVE:BGE)

The latter has now obtained the final order from the Ontario Superior Court of Justice approving the proposed acquisition, it said.

As reported last week, Bison shareholders approved the previously  announced transaction, which will be carried out via a scheme of arrangement.

At a meeting around 74.71% of the outstanding Bison shares were represented in person or by proxy, of which 93.15% were voted in favor of the arrangement.

There were no dissenting shareholders.

The arrangement is expected to be completed on or about October 19 this year, said Klondex.

Upon completion, Klondex will acquire all the shares of Bison in exchange for Klondex shares, cash, or a combination of both.

Bison will be delisted from the TSX Venture Exchange.

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