ALX Resources Corp. Receives Shareholder Approval for the Previously Announced Plan of Arrangement with Greenridge Exploration Inc.
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ALX Resources Corp. has received shareholder approval for its acquisition by Greenridge Exploration Inc. through a court-approved plan of arrangement.
December 02, 2024 | 9:30 pm
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ALX Resources Corp. shareholders have approved the acquisition by Greenridge Exploration Inc., which will proceed through a court-approved plan of arrangement.
The approval of the acquisition by shareholders is a significant step towards the completion of the merger, which is likely to positively impact ALXEF's stock price in the short term as it indicates progress and potential synergies.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100