DIAMOND PAGE — Merger back on track

The directors of both Lytton Minerals (LTL-T) and New Indigo Resources (NDR-A) have approved the amalgamation of the two companies under the name Tahera Corp.

New Indigo shareholders will receive 2.4 shares of the amalgamated company in exchange for each share held, while shareholders of Lytton will receive one share in the new company on a one-for-one basis. The amalgamated company will have 154 million shares outstanding, or 172 million on a fully diluted basis.

The merger is subject to the approval of shareholders and the courts. In early February, each company will hold a special meeting to seek shareholder approval.