Aura Minerals inc., the mining company which redomiciled from Canada to the British Virgin Islands, and Rio Novo Gold Inc. announced that the merger of Aura and Rio Novo, proposed in the end of 2017 to create strong portfolio of long term mining properties, was approved by the respective shareholders of each company at their Special Meetings of shareholders. The joint management proxy circular of the companies was issued on January 23, 2018.
The closing of the merger transaction, as a result of which the combined entity will operate under the Aura name, is subject to certain customary conditions, including reception of all necessary regulatory approvals. The effective date of the merger is expected to be on or after March 2, 2018.
