11:07 AM EDT, 05/21/2020 (MT Newswires) -- Alio Gold (ALO) and Argonaut Gold said Thursday that shareholders of both companies have approved their merger.
Upon completion of the deal, Argonaut shareholders will own about 76% and Alio shareholders 24% of the merged company. The combined company will be called Argonoaut Gold. The deal is expected to be completed in June.
Shares of Alio Gold were down more than 5% in recent trading.