Corporation, a Canadian diamond exploration company, looks set to go ahead after Diamond Core secured shareholder approval for the transaction today.
The merger will create a company with a combined value of $200m, which will make it the fifth-largest diamond junior mining company in Africa.
Diamond Core said in a statement to the JSE that shareholders
representing 99.52% of the total number of votes voted in favour of the merger.
The proposed merger, which will be done by way of a court-sanctioned scheme of arrangement, was first announced in July last year.
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