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Shareholders of Gold Royalty Company Approve Merger
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The plan of agreement is slated to go into effect around Aug. 19.

Terraco Gold Corp. (TEN:TSX.V; TCEGF:OTCPK) announced in a news release that 98.96% of its voting shareholders, on Aug. 13, approved sale of the corporation to Sailfish Royalty Corp.

Per the terms of the agreement, Terraco shareholders will receive 0.12 shares of Sailfish for each Terraco share held, which comprises the exchange ratio. Outstanding options of Terraco will be adjusted so the number of Sailfish shares received upon exercise reflects that ratio.

The company noted that the TSX Venture Exchange has conditionally approved the arrangement. Also the company has applied to the Supreme Court of British Columbia to obtain the final order approving the agreement, and a hearing has been set for August 16. Should the court approve the transaction, it is expected to take effect on or about Aug. 19, 2019. On that day, after the close of trading, Terraco's shares are expected to be delisted.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Terraco Gold. Click here for important disclosures about sponsor fees.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Terraco Gold, a company mentioned in this article.

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