Gold Road Resources (ASX:GOR) is set to vote in favor of Northern Star Resources' (ASX:NST) proposed acquisition of De Grey Mining (ASX:DEG), according to a Monday Australian bourse filing.
Gold Road said it will vote all of the roughly 17.26% of De Grey shares on issue it owns in favor of the scheme of arrangement. That is equivalent to around AU$1.04 billion based on De Grey's closing share price as of April 11, per the filing.
De Grey shareholders will vote on the scheme on April 16.
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