IMX Resources Limited has announced that the Ontario Superior Court of Justice issued a Final Order approving of the plan of arrangement announced on May 16th 2012.

The Final Order makes effective the decision of the shareholders of Continental Nickel to approve the Arrangement at a special meeting.

The closing of the transaction is subject to the satisfaction or waiver of the other conditions specified in the Arrangement, including receipt of all necessary regulatory approvals and is expected to occur at 8am Toronto time on September 14th 2012.

Pursuant to the terms of the Arrangement, IMX will acquire all the issued and outstanding common shares in Continental Nickel that it does not already own.

Assuming the successful completion of the transaction, IMX shares will commence trading on the TSX on September 18th 2012.

Source - IMX Resources

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