Marathon Gold (MGDPF) announces that leading independent proxy advisory firms Institutional Shareholder Services and Glass Lewis & Co. have each recommended that Marathon shareholders vote “FOR” Marathon’s proposed plan of arrangement with Calibre Mining (CXBMF) at the upcoming special meeting of Marathon Shareholders. In making its recommendation, ISS commented: “Vote FOR this resolution as the strategic rationale makes sense, the merger consideration represents a significant premium to the unaffected price, the special committee engaged in a credible process, and non-approval risk remains elevated.”
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Read More on MGDPF:
- Independent Proxy Advisory Firms, ISS and Glass Lewis, Recommend Marathon Shareholders Vote FOR the Arrangement with Calibre
- Marathon Gold Receives Interim Order and Intends to Mail and File Special Meeting Materials Today In Connection with its Proposed Combination with Calibre Mining
- Marathon Gold Achieves 1 Million Work Hours LTI Free at Valentine Gold Project
- Marathon Gold price target lowered to C$0.75 from C$1.50 at Scotiabank
- Calibre and Marathon Announce Completion of Previously Announced C$40 Million Financing of Marathon