Shareholders of West Timmins Mining Inc. (TSX: WTM) have voted 98 per cent in favour of a merger with Lake Shore Gold Corp. (TSX: LSG), folding West Timmins staff and assets under the Lake Shore tent.
The merger, first announced in late August, will provide West Timmins shareholders with 0.73 of a common share of Lake Shore for every issued and outstanding share.
"The combination of Lake Shore Gold and WTM will create a well-funded, strongly backed Canadian-focussed gold company with the assets and skills to become an increasingly significant player in the global gold business,” said Darin Wagner, president and CEO of West Timmins Mining, in a release.
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