Mandalay Resources Corporation shareholders have approved an arrangement for Alkane Resources Limited to acquire all outstanding shares. The approval required at least two-thirds of votes cast at the meeting. Alkane shareholders also approved the issuance of Alkane ordinary shares to Mandalay shareholders. The arrangement is expected to be completed on or about August 5, 2025. Alkane plans to upgrade its U.S. OTC listing to the OTCQX Market. Mandalay’s President and CEO expressed excitement for the merger, which aims to create a strong gold and antimony producer. More information is available on Mandalay’s website and SEDAR+.

Read more at GlobeNewswire: Mandalay Shareholders Overwhelmingly Approve Transaction