Saracen Mineral Holdings Limited (ASX: SAR) is pleased to announce that the requisite majorities of its shareholders today voted overwhelmingly in favour of the proposed scheme of arrangement under which Northern Star Resources (ASX: NST) will acquire all the shares in Saracen (Scheme).

Results of the Scheme Meeting

Saracen Managing Director Raleigh Finlayson said the merger had won exceptionally strong support from shareholders.

'Our shareholders have been virtually unanimous in their support for our merger with Northern Star,' Mr Finlayson said.

'I would like to thank them for their huge vote of confidence in our plan to create a world-scale gold miner which will benefit from extensive synergies, economies of scale, outstanding free cash flow and one of the strongest growth profiles in the global gold mining industry.

'We are looking forward to implementing our strategy, which will see us target annual production of two million ounces a year exclusively in tier-1 locations.'

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