Investors approve Stirling's DMC bid

Shareholders in Stirling Minerals have voted to approve the acquisition of DMC Mining from Cape Lambert Resources.

Stirling entered into an agreement to acquire the junior miner in November, and is currently in the midst of a $96 million placement to fund the deal.

DMC owns an 80 per cent interest in the Moyoko iron ore project in West Africa.

Upon completion of the offer, anticipated to be in mid-January, Stirling will become African Iron, with shares in the company suspended from trade until it re-lists under its new name.