Alio Gold, Argonaut Shareholders OK Merger

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Alio Gold, Argonaut Shareholders OK Merger

posted on May 21, 2020 12:27PM

2020-05-21 11:07:01 AM ET (MT Newswires)

11:07 AM EDT, 05/21/2020 (MT Newswires) -- Alio Gold (ALO) and Argonaut Gold said Thursday that shareholders of both companies have approved their merger.

Upon completion of the deal, Argonaut shareholders will own about 76% and Alio shareholders 24% of the merged company. The combined company will be called Argonoaut Gold. The deal is expected to be completed in June.

Shares of Alio Gold were down more than 5% in recent trading.

Price: 0.85, Change: -0.05, Percent Change: -5.25

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