Peregrine Metals Ltd. Shareholders Approve Arrangement With Stillwater Mining Company

Stillwater Mining Company (NYSE:SWC,TSX:SWC.U) and Peregrine Metals Ltd. (TSX:PGM) announced shareholders have approved a transaction with Stillwater.

The press release is quoted as saying,

The transaction is expected to close on or about October 4, 2011, following the anticipated approval of Peregrine’s application to the British Columbia Supreme Court and the satisfaction of all other conditions to the arrangement. It is then expected that the Peregrine common shares will be delisted from the TSX on or about the close of trading two business days following close of the transaction.

For the complete press release, click here.