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Electrum Discovery Receives Securityholders' Approval for Merger of Equals with MinRex Resources
(TheNewswire) Vancouver, Canada, March 24, 2026 – TheNewswire - Electrum Discovery...
About this update from Electrum Discovery Corp.
[{"type":"text","content":"Electrum Discovery Receives Securityholders' Approval for Merger of Equals with MinRex Resources \n(TheNewswire)\n\n\nVancouver, Canada, March 24, 2026 –\nTheNewswire - Electrum Discovery Corp. (\"Electrum\" and/or the \"Company\")\n(TSX-V:ELY | FRA:R8N | OTC:ELDCF) is pleased to announce that the\nshareholders, optionholders, deferred share unit\nholders and warrantholders (collectively, the \"Securityholders\")\nof the Company have overwhelmingly approved the\npreviously announced merger of equals with ASX\nlisted MinRex Resources Ltd. (\"MinRex\")  at a\nspecial meeting of securityholders of the Company held earlier today\n(the \"Meeting\").\n\n\nOn January 5, 2026, Electrum entered into a definitive\nagreement with MinRex (\"Arrangement Agreement\" and/or\n\"Merger\"), pursuant to which MinRex will acquire all the issued\nand outstanding common shares in Electrum, among other things, by way\nof a court-approved plan of arrangement under the Business Corporations Act (British Columbia) (see News Release dated 6 January 2026).\n\n\n\n\nHighlights:\n\n\n\n\nElectrum’s Securityholders overwhelmingly approve the\nproposed merger of equals with MinRex. \n\n\n\nUnder the terms of Arrangement, Electrum\nsecurityholders will obtain 49.3% of the shares of the combined\ncompany while the remaining 50.7% of the shares will be retained by\ncurrent MinRex shareholders. \n\n\n\nSubject to final Court approval and other customary\nclosing conditions, the Arrangement is expected to be completed on or\nshortly after April 9, 2026. \n\n\n\n\n\n\n \n\n\nThe special resolution approving the Arrangement (the\n\"Arrangement\nResolution\") required approval from:\n\n\n(i)        not less than 66⅔% of the votes cast on the\nArrangement Resolution by Shareholders (other than dissenting\nshareholders) present in person or represented by proxy and entitled\nto vote at the Meeting; \n\n\n(ii)        at least 66⅔% of the votes cast on the\nArrangement resolution by the Securityholders voting together as a\nsingle class on the basis of one vote per share, warrant, deferred share unit or option by the\nSecurityholders who vote in person or by proxy at the Meeting; and\n\n\n\n(iii)        not less than a simple majority of the\nvotes cast on the ...