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New Gold and Coeur shareholders back merger deal
Shareholders of both New Gold and Coeur Mining have approved the proposed plan of arrangement to combine the two companies, creating a new North American precious metals producer. At special meetings held on January 27, investors in both companies voted in favour of the transaction, under which a wholly owned subsidiary of Coeur will acquire all of the issued and outstanding shares of New Gold. The transaction is being implemented under the Business Corporations Act of British Columbia. New Gold shareholders approved the arrangement with more than 99% support. President and CEO Patrick Godin said the strong backing ... (full story)