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M2 Cobalt Announces Shareholder Approval Of Plan Of Arrangement With Jervois Mining

Mining News - Published on Tue, 18 Jun 2019

Image Source: Proactive Investors
M2 Cobalt Corp announced that its shareholders have unanimously voted in favour of approving the special resolution authorizing the previously announced plan of arrangement whereby Jervois Mining Limited will acquire all of the issued and outstanding common shares in the capital of M2 Cobalt and, in exchange, M2 Cobalt shareholders will receive one ordinary share in the capital of Jervois for each M2 Cobalt Share held.

At a special meeting of M2 Cobalt's shareholders occurring, the Arrangement Resolution was approved by 100% of the votes cast by M2 Cobalt shareholders present in person or represented by proxy. A total of 23,034,770 M2 Cobalt Shares were voted at the meeting, representing approximately 36.35% of the votes attached to all M2 Cobalt Shares outstanding as of the record date of May 10, 2019.

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Posted By : Sanju Moirangthem on Tue, 18 Jun 2019
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