Timberline Stockholders Approve Merger With McEwen Mining
Benzinga Newsdesk 2 years ago
M&A
Timberline Resources Corporation (OTCQB:TLRS)(TSXV:TBR) ("Timberline" or the "Company") is pleased to announce that its stockholders have approved the previously announced merger with McEwen Mining Inc. ("McEwen"). Based
Timberline Resources Corporation (OTCQB:TLRS)(TSXV:TBR) ("Timberline" or the "Company") is pleased to announce that its stockholders have approved the previously announced merger with McEwen Mining Inc. ("McEwen"). Based on the preliminary tabulation of the stockholder vote, more than 99.98% of the shares voted at the special meeting, representing approximately 62.50% of the shares of Timberline common stock outstanding as of the record date for the special meeting, were voted in favor of the adoption of the merger agreement with McEwen (the "Merger Agreement").
The final voting results of the special meeting, as tabulated by an independent inspector of elections, will be reported on a Form 8-K to be filed with the U.S. Securities and Exchange Commission.
The closing of the transaction is expected to occur on or about August 19, 2024.