Gold Line Shareholders Approve Merger With Barsele

VANCOUVER, BC and TORONTO, Feb. 16, 2024 /CNW/ - Gold Line Resources Ltd. ("Gold Line") (TSXV: GLDL) is pleased to announce that at a special meeting of shareholders of Gold Line (the "Gold Line Shareholders") held yesterday, February 15, 2024 (the "Meeting"), the Gold Line Shareholders voted overwhelmingly in favour of the resolution (the "Gold Line Shareholder Resolution") approving the proposed arrangement with Barsele Minerals Corp. (TSXV:BME.VN) ("Barsele") by way of a court-approved plan of arrangement (the "Arrangement").  Pursuant to the Arrangement, among other things, Barsele will acquire all of the issued and outstanding Gold Line common shares (the "Gold Line Shares") in consideration for 0.7382 of a common share of Barsele for each Gold Line Share held.