Fronteer Development Group (FRG-T, FRG-X) and New West Gold have obtained court approval for Fronteer’s takeover of New West, and the acquisition closed on Sept. 24.
New West got 100% approval for the merger from shares voted at a general meeting on Sept. 13. Fronteer issued 0.26 of a Fronteer share for one New West, in a closing transaction for 58.4 million shares.
New West shareholders will hold about 18% of Fronteer, which will take on New West’s large portfolio of properties in Nevada.
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