Shareholders approved the arrangement resolution with approximately 97.43 percent of the votes cast at the meeting being for the arrangement.
Mason Resources (TSX:MNR) has announced the voting results from the December 17 special meeting of the holders of common shares of the company.
At the meeting, the shareholders were asked to consider and, if deemed advisable, pass a special resolution approving a plan of arrangement with Hudbay Minerals (TSX:HBM) under Part 9, Division 5 of the Business Corporations Act whereby Hudbay will acquire all of the issued and outstanding common shares it does not already own for C$0.40 per common share.
As quoted in the press release:
At the meeting, the shareholders approved the arrangement resolution with approximately 97.43 percent of the votes cast at the meeting being for the arrangement resolution (96.58 percent after excluding votes cast by Hudbay, its affiliates and any other shareholders who were required to be excluded pursuant to MI 61-101).
Mason will seek a final order from the Supreme Court of British Columbia with respect to the arrangement on December 18, 2018 and expects closing of the Arrangement to occur on December 19, 2018.