Voyager Metals Inc. (TSXV: VONE) has approved the completion of its previously announced business combination with Cerrado Gold Inc. (TSXV: CERT) via a plan of arrangement.
The arrangement stipulates that Cerrado will acquire all of the issued and outstanding common shares of Voyager that it does not already own.
At the meeting, the special resolution approving the arrangement was overwhelmingly approved by approximately 99.98% of the shareholders of Voyager present in person or represented by proxy; and approximately 99.99% of the securityholders, voting as a single class, present in person or represented by proxy.
The shareholders and option holders who participated in the vote represented approximately 56.4% and 100%, respectively, of all issued and outstanding securities of Voyager entitled to vote on the arrangement resolution. Accordingly, all securityholder approvals required to proceed with the arrangement have been obtained.
The arrangement is expected to become effective on or about 31 May 2023, subject to Voyager obtaining a final order from the Ontario Superior Court of Justice in respect of the arrangement, and the satisfaction or waiver of certain other customary closing conditions.
It is expected that the common shares of Voyager will be distilled from the TSX venture exchange within two to three business days following the completion of the arrangement.
To find out more, please visit www.cerradogold.com
