Shareholders of each of Lowell Copper Ltd., Gold Mountain Mining Corp. and Anthem United Inc. unanimously approved their proposed business combination to form JDL Gold Corp., a new company focused on gold and copper.
The companies will seek a final approval order from the Supreme Court of British Columbia to complete the transaction by Oct. 5, with closing expected the next day.
Under the merger deal, announced in mid-August, shareholders of Gold Mountain and Anthem United will receive 1.032 and 0.774 of a pre-consolidated common share in Lowell Copper for each share held, respectively.