Toronto-listed miners Argonaut Gold and Alio Gold have received a positive recommendation for the proposed merger by independent proxy advisory form Institutional Shareholder Services (ISS).
The companies said that ISS recommended that Argonaut and Alio shareholders vote in favour of the resolutions to be voted on at the special meeting of shareholders to be held on May 20.
The meetings will be held in a virtual-only format, owing to the Covid-19 pandemic.