The agreement was first announced six months ago to acquire an initial interest of 30% in Manyingee, with an option to acquire an additional 45% for US$20 million cash.
The sale remains subject to certain conditions with close expected late March early April 2017.
Analysis
The approval by MGT shareholders provides a greater degree of certainty towards closing the transaction.
The US$10 million will assist in giving Paladin shareholders comfort, increasing its cash balance through the current restructuring period.