Prism Resources shareholders backed the sale of a 7.5% net profit interest royalty in Ontario’s Porcupine Mining District to Agnico Eagle for CAD 5 million cash.
The royalty represents substantially all of Prism Resources’ assets; the deal cleared with 93.81% support overall, 90.74% from disinterested holders.
Closing is expected by month-end, subject to customary conditions including final TSX Venture Exchange approval.
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