Gatos Silver sets date for stockholder meeting on merger with First Majestic
- Gatos Silver announced a special meeting for stockholders related to a merger with First Majestic Silver Corp.
- Approval from both Gatos Silver and First Majestic shareholders will be necessary for the completion of the merger.
- The merger aims to enhance operational efficiency and overall market value for both companies.
On December 3, 2024, Gatos Silver, Inc., based in Canada, announced a special meeting for its stockholders concerning the proposed agreement with First Majestic Silver Corp. This meeting, referred to as the Special Meeting, will address the vote on the adoption of a merger agreement under which First Majestic aims to acquire all shares of Gatos Silver. Stockholders of Gatos Silver will be; required to approve this significant merger, which also requires approval from First Majestic shareholders due to the issuance of First Majestic common shares related to the transaction. First Majestic plans to hold an in-person shareholder meeting on January 14, 2025, providing ample time for both companies' stockholders to deliberate on the implications of the merger and articulate their positions during the respective meetings.