Argonaut, Alio shareholders approve merger

Alio Gold (NYSEMKT:ALO) and Argonaut Gold (OTCPK:ARNGF) say shareholders of both companies overwhelmingly approved their merger deal.

On closing of the deal, Argonaut and Alio shareholders will own ~76% and 24% of the merged company, respectively, which will be named Argonaut Gold.

The merger creates an intermediate miner producing 235K gold equiv. oz./year with assets in Canada, Mexico and the U.S.

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