A Special Meeting of all share, warrant and option holders was held today, at which the combined securityholders representing 58.98% of the total securities outstanding passed the Special Resolution, with 99.99% of those voting approving the Transaction.
The Transaction was also approved by 99.99%, 100% and 100% of the votes cast by "minority" shareholders, warrantholders and optionholders, respectively, voting as separate classes.
Completion of the Transaction remains subject to a number of conditions, including but not limited to, the satisfaction of standard closing conditions for transactions of this nature, as well as approvals from the British Columbia Supreme Court and the final approval of the TSX Venture Exchange.
The Company will seek final approval from the B.C. Supreme Court for the Transaction at a hearing set to be held on June 6, 2014 and expects to complete the Transction as soon as possible thereafter.
Additional information on the Transaction may be found in the Company’s filings on www.sedar.com including the Company’s information circular dated May 2, 2014 and the Arrangement Agreement between the Company and Denison dated April 11, 2014.
In addition, on June 3, 2014, IEC, Choice Gold Corp., and Full Metal Minerals Ltd. announced that the companies have entered into a tripartite definitive arrangement agreement (the "Arrangement Agreement") with respect to the previously announced letter of intent ("LOI") dated March 19th, 2014.
