Argonaut Gold (TSE:AR) has released an update.
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Argonaut Gold Inc. shareholders have given a resounding nod to a strategic acquisition by Alamos Gold Inc., with an overwhelming 99.58% in favor at their recent meeting. The approved arrangement will see Alamos Gold acquiring all issued and outstanding shares of Argonaut, with shareholders receiving Alamos shares and shares of a new entity, SpinCo, in exchange. This marks a significant step in the consolidation of the companies, reflecting a strong shareholder consensus on the move.
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