Blue Heron Financial’s shareholders have approved its proposed restructuring. At a special meeting held on Mar. 28, the firm’s shareholders voted overwhelmingly in favour of the corporation’s proposed restructuring.

This includes transferring ownership of all the shares in Blue Heron’s wholly owned subsidiary, @rgentum Management and Research Corporation to Merchant Capital. The dealer network contained in Blue Heron Wealth Management Inc. will also go to Merchant.

The corporation also says it has received conditional written approval to its proposed restructuring from the Canadian Venture Exchange. Blue Heron says it’s hopeful it will be able to complete the closing of its restructuring and $3-million debenture financing in the next several weeks. However says the company the closing could be delayed due to the current OPSEU strike. The strike, says Blue Heron, will prevent the corporation from filing articles of amendment to effect the share consolidation and name change planned by the corporation and approved by its shareholders.