Determination by the Board. The board of directors of each of Acquireco and Canco has unanimously determined and resolved at its respective meeting held on December 16, 2009: (i) that the entering into of this agreement and the performance by Acquireco or Canco, as the case may be, of its obligations hereunder and the Transactions are in the best interests of Acquireco or Canco, as the case may be, and its shareholders; and (ii) to approve the Transactions and this agreement.
Appears in 3 contracts
Sources: Arrangement Agreement (Royal Gold Inc), Arrangement Agreement (Royal Gold Inc), Arrangement Agreement (International Royalty Corp)