Take physic, pomp

The Timmins (TMM.to) (TGD) Newstrike (NES.v) merger is approved

It’s one of those late night NR days. Here’s the linko:

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Apr 29, 2015) – Newstrike Capital Inc. (TSX VENTURE:NES) (“Newstrike” or the “Company“) advises that the previously announced plan of arrangement (the “Arrangement“) involving Newstrike and Timmins Gold Corp. (“Timmins“) has been approved by the shareholders of Newstrike. 
Newstrike held a special meeting of shareholders (the “Newstrike Meeting“) earlier today at which 98.81% of the shares represented at the Newstrike Meeting voted in favour of the Arrangement and 98.52% of the shares represented at the Newstrike Meeting excluding the shares held by the Newstrike Major Shareholders, as defined in the joint information circular of Newstrike and Timmins dated March 23, 2015, voted in favour of the Arrangement. Timmins held its annual and special meeting of shareholders earlier today at which Timmins’ shareholders also voted in favour of the Arrangement. On closing of the Arrangement, all of the issued and outstanding common shares of Newstrike will be exchanged on the basis of 0.9 of a Timmins common share and C$0.0001 in cash per Newstrike common share and existing Timmins and Newstrike shareholders will own approximately 64% and 37% of the combined company, respectively. 
Newstrike expects to seek a final order approving the Arrangement from the Supreme Court of British Columbia on May 1, 2015.
Stupid, thy name is entrenched mining management.

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