The shareholders of Canadian takeover target Advantage Lithium have overwhelmingly voted in favour of a takeover from dual listed lithium miner Orocobre.
Orocobre in February inked a definitive agreement to acquire Advantage, offering that company’s shareholders 0.142 Orocobre shares for every one Advantage share held, valuing the takeover target’s shares at 42c each, based on Orocobre’s last closing price of A$3.29 a share.