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Shareholders OK merger of Lowell Copper, Gold Mountain, Anthem

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Shareholders OK merger of Lowell Copper, Gold Mountain, Anthem

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.