Strategic Minerals Gains Shareholder Nod for IberAmerican Merger

Strategic Minerals Europe Corp (TSE:SNTA) has released an update.

Strategic Minerals Europe Corp. has revealed that their shareholders approved an almost unanimous vote for the company’s amalgamation with IberAmerican Resources Inc., in a move linked to its acquisition by IberAmerican Lithium Corp. The approval, which saw a 99.99% favorable vote at the recent AGM, paves the way for Strategic shareholders to exchange their shares for IberAmerican shares at a ratio of 1:7. Completion of the transaction is subject to customary conditions and final regulatory nods.

For further insights into TSE:SNTA stock, check out TipRanks’ Stock Analysis page.

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

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.