Kirkland Lake Gold and Newmarket Gold Announce Results of Their Respective Special Meeting of Shareholders Voting in Favour of the Business Combination
Marketwired MarketwiredNovember 25, 2016Comment
TORONTO, ONTARIO and VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 25, 2016) - Kirkland Lake Gold Inc. ("Kirkland Lake Gold", or "KL Gold") (KLG.TO) and Newmarket Gold Inc. ("Newmarket") (NMI.TO)(NMKTF) are pleased to announce that shareholders of the respective companies have overwhelmingly voted in favour of the plan of arrangement (the "Arrangement") to merge the two companies, creating an exciting new mid-tier gold company.
Kirkland Lake Gold Voting Results
89,219,450 common shares of Kirkland Lake Gold, representing 75.93% of Kirkland Lake Gold's issued and outstanding common shares were voted at the meeting of KL Gold shareholders held earlier today. The Arrangement was approved by 82.64% of the votes cast by Kirkland Lake Gold shareholders. A copy of the complete report on voting will be made available under Kirkland Lake Gold's profile on SEDAR at www.sedar.com.
Newmarket Voting Results
The issuance of common shares of Newmarket as consideration under the Arrangement was approved by 99.79% of the votes cast by Newmarket shareholders at the meeting of Newmarket shareholders held earlier today.