ISS and Glass Lewis throw weight behind IDM-Ascot tie-up

Independent proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis & Co have recommended that IDM Mining shareholders vote in favour of a takeover by Ascot Resources.

The combination of the companies will join two advanced projects and create a compelling resource base of high-grade measured and indicated gold/silver resources, positioning Ascot as a consolidator in the southern Golden Triangle, ISS and Glass Lewis stated on Monday.