Monarch Gold Corp : Monarch Gold Announces Securityholder Approval of the Arrangement with Yamana Gold finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
MONTREAL, QC / ACCESSWIRE / December 30, 2020 / MONARCH GOLD CORPORATION (
Monarch or the
Shareholders ) and optionholders (collectively with the Shareholders, the
Securityholders ) have approved the resolution (the
Arrangement Resolution ) authorizing the previously announced plan of arrangement under the
Canada Business Corporation Act (the
Arrangement ). Pursuant to the Arrangement, Yamana Gold Corporation (
Yamana ) will acquire the Wasamac property and the Camflo property and mill through the acquisition of all of the outstanding common shares of Monarch (other than the common shares already owned by Yamana) for total consideration of approximately C$200 million or C$0.63 per Monarch share on a fully-diluted basis. Under the Arrangement, Monarch will first complete a spin-out to its Shareholders through a newly-formed company, Monarch Mining Corporation (
Monarch Gold Announces Securityholder Approval of the Arrangement with Yamana Gold
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MONARCH GOLD CORPORATION (
Shareholders ) and optionholders (collectively with the Shareholders, the
Securityholders ) have approved the resolution (the
Arrangement Resolution ) authorizing the previously announced plan of arrangement under the
Canada Business Corporation Act (the
Arrangement ). Pursuant to the Arrangement, Yamana Gold Corporation (
Yamana ) will acquire the Wasamac property and the Camflo property and mill through the acquisition of all of the outstanding common shares of Monarch (other than the common shares already owned by Yamana) for total consideration of approximately C$200 million or C$0.63 per Monarch share on a fully-diluted basis. Under the Arrangement, Monarch will first complete a spin-out to its Shareholders through a newly-formed company, Monarch Mining Corporation (