Canadian Biomass Magazine

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Pinnacle shareholders vote in favour of arrangement with Drax


April 1, 2021
By Canadian Biomass Magazine

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An overwhelming majority of Pinnacle shareholders have voted in favour of the special resolution to approve the plan of arrangement for the Drax Group to acquire all Pinnacle issued and outstanding common shares.

The percentage of shares voting for the arrangement resolution was 95.97. At least two-thirds was required.

Pinnacle anticipates returning to the Supreme Court of British Columbia on April 6 to seek a final order of the court approving the arrangement.

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