2022-08-18 08:13:11 AXU Alexco Resource
Hecla Mining
08/18/22 08/1808:13 08/18/2208:13 | Alexco Resource acquisition by Hecla Mining recommended by Glass LewisAlexco Resource (AXU) announced that a second independent, third-party proxy advisory firm, Glass Lewis, has recommended Alexco shareholders vote "for" the proposed acquisition of Alexco by 1080980 B.C., a subsidiary of Hecla Mining Company (HL) at the upcoming special meeting of securityholders to be held on August 30. Under the terms of the Arrangement, Alexco Shareholders will receive 0.116 common shares in the capital of Hecla for each Alexco Share held. In their report, Glass Lewis noted: "Based on the compelling rationale underpinning the proposed merger, as well as reasonable financial terms, we believe that the proposed merger warrants shareholder support." Alexco's board of directors unanimously recommends that securityholders vote for the Arrangement Resolution. Alexco Resource
Hecla Mining
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