Shareholders of Asamera Minerals (TSE) recently voted in favor of a proposal to privatize the company effective Aug. 1.
Minority shareholders will receive $1.40 per common share under the terms of the offer.
After the privatization, Asamera Inc. (wholly owned by Gulf Canada Resources) will own 100% of the common shares of Asamera Minerals.
Asamera Minerals has a 51% interest in the producing Cannon gold mine in Washington state, and is also involved in a number of promising gold exploration projects in the Northwest Territories.
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