Wrightbar, Charlim get OK for merger

Shareholders of both Wrightbar Mines and Charlim Explorations have approved the merger of the two Montreal-listed companies.

Each Wrightbar shareholder will receive one common share of Lithos, the newly created company, for every two Wrightbar shares held. In addition, a shareholder of record on Oct. 28 will receive one common share in Puiseaux Resources for every 10 Wrightbar shares held.

Charlim shareholders will receive one Lithos share for every 2.6 Charlim shares held, as well as one Chastel Resources share for every 10 Charlim shares held on the record date of Oct. 28.