https://www.miningweekly.com

Argonaut and Alio merger receives positive proxy recommendation

5th May 2020

By: Creamer Media Reporter

     

Font size: - +

Toronto-listed miners Argonaut Gold and Alio Gold have received a positive recommendation for the proposed merger by independent proxy advisory firm Institutional Shareholder Services (ISS).

The companies said that ISS recommended that Argonaut and Alio shareholders vote in favour of the resolutions to be voted on at the special meeting of shareholders to be held on May 20.

The meetings will be held in a virtual-only format, owing to the Covid-19 pandemic.

Argonaut’s primary assets are the El Castillo mine and San Agustin mine, which together form the El Castillo Complex in Durango, Mexico and the La Colorada mine in Sonora, Mexico. 

Its advanced exploration projects include the Cerro del Gallo project in Guanajuato, Mexico and the Magino project in Ontario, Canada. 

Alio Gold’s cornerstone asset is the 100% owned Florida Canyon mine in Nevada, US. The company also owns the development stage Ana Paula project in Guerrero, Mexico.

The merger was announced on March 30.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION