Sign up USA
Proactive Investors - Run By Investors For Investors

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.

View full KDX profile View Profile

Klondex Mines Ltd Timeline

Related Articles

April 04 2018
BAM East will be the focus in 2018, after Landore completed a £3.15mln funding
Lydian International will be one of the few gold companies to go into production this year
January 09 2018
Lydian International is one of only a handful of companies taking gold projects into production this year
February 05 2018
Cradle Arc is ramping up copper production at its Mowana project, and further expansion is on the cards

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright ©, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use