Dore Copper Mining (TSE:DCMC) has released an update.
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Doré Copper Mining Corp. has announced the mailing of its management information circular for a special shareholder meeting on December 16, 2024, where a resolution for a statutory plan of arrangement with Cygnus Metals Limited will be voted on. The board of directors and a special committee have unanimously recommended shareholders to vote in favor of this arrangement, which will see Cygnus acquire all shares of Doré Copper, making it a wholly-owned subsidiary. Shareholders will receive Cygnus shares in exchange, marking a significant strategic move for both companies.
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