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Primero Mining Corp. (TSX:P,NYSE:PPP) and Brigus Gold Corp. (TSX:BRD,NYSE:BRD) announced that their shareholders have voted in favor of Primero acquiring Brigus. The acquisition is set to close on March 5, 2014.
Primero Mining Corp. (TSX:P,NYSE:PPP) and Brigus Gold Corp. (TSX:BRD,NYSE:BRD) announced that their shareholders have voted in favor of Primero acquiring Brigus. The acquisition is set to close on March 5, 2014.
As quoted in the press release:
99.90% of the shares represented at Primero’s special shareholders’ meeting held earlier today were voted in favour of a special resolution authorizing the issuance of Primero common shares pursuant to the Arrangement.
99.08% of the shares represented at Brigus’ special shareholders’ meeting held earlier today voted in favour of the Arrangement. Brigus shareholders will receive 0.175 of a Primero common share, cash consideration of$0.000001, and 0.1 of a common share in the capital of a newly incorporated company, Fortune Bay Corp., which will own Brigus’ non-Ontario assets, for each Brigus share owned.