Pitchstone Exploration Ltd. (TSXV:PXP) announced it has received securityholder approval for a transaction where Fission Energy Corp. (TSXV:FIS) will acquire outstanding shares of Pitchstone.
As quoted in the press release:
At a special securityholder meeting held today in conjunction with the annual general meeting, the Plan of Arrangement was approved by 99.5% of the votes cast by shareholders and optionholders of Pitchstone, voting as a single class.
The Plan of Arrangement is still subject to final approval by the TSX-V and the Supreme Court of British Columbia. The transaction is expected to close before July 6th.