Arizona Gold Corp. and Golden Predator Mining Corp. shareholders overwhelmingly approved all matters voted on at a special meeting held on August 25, including the proposed acquisition by Arizona of all of the outstanding common shares of Golden Predator, previously announced on June 28. The transaction still needs approval by the British Columbia Supreme Court, which will be heard on August 30. Upon approval, the closing is expected to happen on September 2.

Under the terms of the arrangement, all of the issued and outstanding common shares of Golden Predator will be exchanged for common shares of Arizona on the basis of 1.65 common shares of Arizona per common share of Golden Predator. Current Arizona shareholders and former Golden Predator shareholders will own approximately 55% and 45% of the combined company common shares, respectively.

Arizona will also proceed with a name change to Sabre Gold Mines Corp. A new website for the combined company will also be launched in early September.

Arizona Gold is advancing the restart of production at its 100% owned, fully permitted, past-producing Copperstone mine project. Golden Predator is advancing the past-producing Brewery Creek mine toward a timely resumption of mining activities in Canada’s Yukon. The company also holds the Marg project, the Gold Dome project and the Grew Creek project.