President & CEO of Copper Mountain, Jim O'Rourke, said: “We are pleased to have received the support of shareholders from both companies. Altona's assets include AUS$30 million in cash, a permitted development project in Queensland, Australia and a large mineral land tenure position in the highly prospective area. The Altona team has done an outstanding job in pulling together an exceptional mineral land package in a prolific mineral belt that we believe will provide long-term value to all shareholders."
Altona is to seek orders from the Federal Court of Australia for approval of the Scheme at a hearing scheduled for early April 2018. The transaction is expected to close by mid-April 2018, subject to applicable regulatory approvals, and the satisfaction of other customary conditions.
