African Gold (ASX:A1G) said its shareholders and option holders approved a proposed scheme of arrangement for Toronto Stock Exchange-listed Montage Gold to acquire 100% of African Gold, as well as the related option scheme of arrangement, according to a Monday Australian bourse filing.

The company said nearly 100% of the votes cast at the meeting were in favor of the share scheme resolution, while 100% of the votes cast were in favor of the option scheme of arrangement.

The schemes remain subject to approval by the Supreme Court of Western Australia at a hearing scheduled for Friday, as well as other customary conditions precedent, per the filing.

African Gold's shares fell 1% in recent Monday trade.