Altus Strategies PLC (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF) won shareholder approval for its merger with Elemental Royalties Corp (TSX-V:ELE) (Elemental Royalties Corp (TSX-V:ELE)) in a bid to create a significantly enlarged mining royalty company.
A requisite majority of shareholders approved a court-sanctioned scheme of arrangement and voted in favour of the resolution at a general meeting, said Altus.
A court hearing is scheduled for this Friday.
On completion, Elemental shareholders will own approximately 52.9% and Altus shareholders approximately 47.1% of the enlarged vehicle.
The companies announced the merger in June.