Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) and Leagold Mining Corporation (TSX: LMC, OTCQX: LMCNF) (“Leagold”) have combined their businesses, creating one of the world’s top gold producing companies operating entirely in the Americas.
Ross Beaty, Executive Chair of Equinox Gold, stated: “We have created a major gold producer by combining the assets and leadership teams of Equinox Gold and Leagold, with a peer-leading growth profile and powerful financial, technical and operational management. Equinox Gold now has six producing mines, two development projects, two expansion projects and the financial capacity to fund its development plans. On behalf of the entire Equinox Gold team I thank our outgoing directors, Marcel de Groot, Jacques McMullen and Sam Drier, for their guidance and support, and I personally welcome Neil Woodyer as Vice Chair, as well as Gordon Campbell, Peter Marrone and General Wesley Clark to the new Board of Directors. I look forward to working with the combined management team as we further build Equinox Gold into an important global gold producer.”
Equinox Gold common shares and warrants will continue trading on the Toronto Stock Exchange and NYSE American Stock Exchange with no changes.
Leagold shares are expected to be de-listed on or about March 11, 2020. Leagold shareholders will receive 0.331 of an Equinox Gold common share for each Leagold share held. Each Leagold warrant and option will become exercisable for Equinox Gold common shares, as adjusted in accordance with the exchange ratio. Leagold shares deposited in an online trading account will update automatically to reflect the conversion to Equinox Gold shares, generally within two weeks of closing. Leagold shareholders who still hold physical share certificates or DRS Statements must submit a Letter of Transmittal to Equinox Gold’s transfer agent, Computershare Investor Services Inc., to receive new Equinox Gold share certificates.
The concurrent US$670 million debt and equity financings associated with the merger have also been completed.
