Canyon Resources shareholders OK merger with Atna Resources

By Laura Lutz

Des Moines, March 13 - Canyon Resources Corp. announced that shareholders approved a merger with Atna Resources Ltd. at a special stockholder meeting on Thursday.

Settlement of the merger is expected after close of business on Tuesday.

Holders of 74.4% of the company's shares voted in favor of the merger.

For each Canyon share, holders will receive 0.32 of a share of Atna common stock, and any fractional shares will be paid in cash.

Canyon is a mining company based in Golden, Colo. Atna is a Vancouver, B.C.-based mineral exploration and development company.

After the merger, the company plans to focus on gold production. Atna's registered office will continue to be in Vancouver, B.C., and its operational office will be based in Golden, Colo.

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