Markets

Queenston Shareholders Approve Arrangement with Osisko Mining Corporation

Queenston Mining Inc. (QMI.TO) announced that its shareholders have approved the previously announced plan of arrangement pursuant to which Osisko Mining will acquire all of the outstanding Queenston shares. Under the terms of the arrangement, each Queenston shareholder will receive 0.611 of an Osisko common share for each Queenston common share held.

Over 98% of Queenston common shares voted at today's special meeting of shareholders voted in favour of the special resolution approving the arrangement.

Queenston will apply for a final order of the Ontario Superior Court of Court of Justice for approval of the arrangement on December 21, 2012. Queenston expects that the arrangement will close on or about December 28, 2012.

QMI shares were down 10 cents at $4.52.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More