Closing of the Arrangement remains subject to court approval as well as other customary closing conditions
Image: A copper native. Photo: courtesy of Native_Copper_Macro_Digon3.jpg: “Jonathan Zander (Digon3)" derivative work: Materialscientist (talk)/Wikipedia.
Buckingham Copper Corp. (“Buckingham” or the “Company”) is pleased to announce the voting results for its special meeting of the shareholders of Buckingham (the “Buckingham Shareholders”) held on August 7, 2019 in Vancouver, British Columbia (the “Special Meeting”).
The sole matter considered at the Special Meeting was the special resolution (the “Arrangement Resolution”) approving the statutory plan of arrangement (the “Arrangement”) with Colorado Resources Ltd. (“Colorado”) whereby Colorado will acquire all of the issued and outstanding common shares of Buckingham (“Buckingham Shares”) and, in exchange, the Buckingham Shareholders will receive 0.50 of a common share of Colorado (“Colorado Shares”) for each Buckingham Share held.
Buckingham Shareholders, representing a total of 81.47% of the outstanding Buckingham Shares eligible to be voted at the Special Meeting, voted on the Arrangement Resolution. 99.992% of the total votes cast by Buckingham Shareholders at the Special Meeting voted FOR the Arrangement Resolution.
Closing of the Arrangement remains subject to court approval as well as other customary closing conditions. Assuming the timely completion of these conditions, Buckingham expects the Arrangement to close on or about August 14, 2019.
Source: Company Press Release