Market Overview

Orko Holders Approve Arrangement with Coeur d'Alene


Orko Silver Corp. and Coeur d'Alene Mines Corporation ("Coeur") (NYSE: CDE) are pleased to announce the positive results of the Orko shareholder vote to approve the previously announced plan of arrangement (the "Arrangement") whereby Coeur will acquire all of the issued and outstanding common shares of Orko (the "Orko Shares").

99.72% of the Orko Shares represented at Orko's special shareholders' meeting held earlier today were voted in favor of the special resolution approving the Arrangement.

Orko will apply for a final order of the Supreme Court of British Columbia approving the Arrangement on Friday, April 12, 2013 and, assuming receipt of court approval and the satisfaction or waiver of all remaining closing conditions, Orko and Coeur expect the Arrangement to be effective on or about April 16, 2013.

Posted-In: News


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