Merger and Consolidation of shares is a done deal becausethe major shareholders of CRK own 56% of the shares and want the deal?
From
https://www.crocgold.com/news/news-releases/news-releases-details/2015/Newmarket-Gold-and-Crocodile-Gold-Merge-to-Establish-a-New-Platform-for-Gold-Asset-Consolidation/default.aspx
"Major Shareholder
Luxor Capital Group LP ("Luxor"), which together with its affiliates control approximately 56% of the Crocodile Shares, has entered into a lock-up and voting support agreement with Newmarket pursuant to which it will vote in favour of the Transaction. Furthermore, Luxor has agreed not to dispose of more than 20% of the securities of NewCo it will own for a period of 12 months following the effective date of the Transaction. Assuming full proration, on completion of the Transaction and Private Placement financing Luxor will own approximately 43% of the issued and outstanding shares of NewCo on an issued and outstanding basis.
In addition to Luxor, each of the officers and directors of Newmarket and Crocodile Gold have entered into a voting support agreement supporting the Transaction pursuant to which they will vote any securities of the companies, as applicable, that are held by them in favor of the approval of the Transaction."