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Kirkland Lake shareholders vote in favor of Newmarket takeover-sources

Published 2016-11-24, 12:58 p/m
© Reuters.  Kirkland Lake shareholders vote in favor of Newmarket takeover-sources
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TORONTO, Nov 24 (Reuters) - More than 80 percent of Kirkland Lake Gold KLG.TO shareholders have voted in favor of the mid-tier miner's takeover of Newmarket Gold NMI.TO , according to two sources familiar with the situation, marking the end of a contentious process.

Over 90 percent of the Newmarket shareholders who voted on the acquisition also backed Kirkland's all-stock offer, valued at about C$1 billion when announced on Sept. 29, the sources said on Thursday on condition of anonymity as the matter is confidential.

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