The Conversation (0)
Levon Resources Ltd. (TSX:LVN,OTCMKTS:LVNVF) announced that its shareholders and optionholders have approved the previously announced plan of arrangement involving SciVac Ltd. and 1027949 B.C. Ltd. when they voted at the special meeting for Securityholders.
As quoted in the press release:
The Arrangement was approved by 97.64 percent of the votes cast by Shareholders and 98.06% of the votes cast by Securityholders, voting together as a single class, at the Meeting.
For details of the Arrangement, please see Levon’s management information circular dated May 1, 2015 and Levon’s press release dated March 20, 2015, both of which have been filed on Levon’s profile on SEDAR at www.sedar.com.Levon’s application to the Supreme Court of British Columbia to obtain the final order approving the Arrangement is scheduled for Thursday, June 4, 2015. The Company looks forward to satisfying the remaining conditions and successfully completing the Arrangement.
Shareholders with questions regarding the deposit of Levon shares to the Arrangement can contact Valiant Trust Company at 1-866-313-1872 or by email at inquiries@valianttrust.com.
Ron Tremblay, president and CEO of Levon, commented:
We are pleased that Levon’s Securityholders have overwhelmingly approved the Arrangement, helping to create tremendous shareholder value. In a difficult market for resource issuers, Levon has given Shareholders the opportunity to diversify their holdings by spinning out its mining assets and allowing Shareholders to also participate in the pharmaceutical industry through this transaction with SciVac.
Click here to read the Levon Resources Ltd. (TSX:LVN,OTCMKTS:LVNVF) press release
Click here to see the Levon Resources Ltd. (TSX:LVN,OTCMKTS:LVNVF) profile.