Goldgroup Mining Shareholders Approve Merger with Gold Resource

Goldgroup Mining's (GGA.V) shareholders have approved the proposed merger with Gold Resource at the company's annual general and special meeting on Thursday. More than 99.99% of the votes cast were in favor of the transaction. NYSE American-listed Gold Resource also received approval for the merger from a majority of its shareholders. The transaction is scheduled to close on July 17, subject to closing conditions and required approvals. Gold Resource owns the producing Don David gold mine in Mexico and the Back Forty gold/silver development in Michigan.