Shareholders approve Argonaut and Alio Gold merger

The shareholders of Argonaut and Alio, two gold mining companies, overwhelmingly approved the two companies’ all-stock merger.



“The merger with Argonaut was approved by 99.39% of the votes cast by Alio shareholders and 99.47% of the votes cast by Alio shareholders...On closing of the transaction, Argonaut and Alio shareholders will own approximately 76% and 24% of the merged company, respectively, on an issued share basis. The merged company will continue as Argonaut Gold.”
Alio Gold News Release

The exchange rate for the merger will be 0.67 Argonaut shares for every Alio share.

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