Argonaut Gold and Alio Gold Mail Joint Management Information Circular in Connection With Special Meetings to Approve Friendly At-Market Merger
ALIO GOLD CORP (ALO)
Last alio gold corp earnings: 8/10 07:00 am
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US:NYSE Investor Relations:
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Source: GlobeNewswire
TORONTO and VANCOUVER, British Columbia, April 22, 2020 (GLOBE NEWSWIRE) -- Argonaut Gold Inc. (“Argonaut” or “Argonaut Gold”) (TSX: AR) and Alio Gold Inc. (“Alio” or “Alio Gold”) (TSX, NYSE-A: ALO) have filed the joint management information circular and related meeting materials in connection with their respective special meetings of securityholders (the “Meetings”) to be held on May 20, 2020. The purpose of the Meetings is to seek approval for a number of matters, including the proposed friendly, at-market merger announced on March 30, 2020, whereby Argonaut and Alio will combine to create a diversified intermediate producer in North America. Under the terms of the Arrangement Agreement, all of the Alio issued and outstanding common shares will be exchanged on the basis of 0.67 of an Argonaut common share per each Alio common share (the “Exchange Ratio”). The Exchange Ratio has been agreed based on the volume-weighted average prices of Argonaut and Alio common shares over the 20
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