Merger of Kirkland Lake Gold Inc. and
Newmarket Gold Inc.
TORONTO, Dec. 2, 2016 /CNW/ - S&P Dow Jones Canadian
Index Services will make the following changes in the S&P/TSX
Canadian Indices:
The shareholders of Kirkland Lake Gold Inc. (TSX:KLG) and
Newmarket Gold Inc. (TSX:NMI) have agreed to the terms of an
Arrangement Agreement whereby the two companies will merge under
the name Kirkland Lake Gold Ltd.
S&P Dow Jones Indices will, for index purposes, consider
Kirkland Lake Gold Inc. to be the surviving company following the
transaction. The company will change its name to Kirkland Lake Gold
Ltd. Newmarket Gold Inc. will be removed from the S&P/TSX
SmallCap, the S&P/TSX Global Mining and the S&P/TSX Global
Gold Indices after the close of trading on Monday, December 5, 2016. The number of shares
outstanding of the new Kirkland Lake Gold Ltd. will be 202,289,000
and the IWF will be 0.89. The new Kirkland Lake Gold Ltd. (TSX
ticker symbol KL, CUSIP 49741E 10 0) will remain a constituent of
the S&P/TSX Composite and Capped Composite, the S&P/TSX
Completion, the S&P/TSX Capped Materials, the S&P/TSX
SmallCap, the S&P/TSX Global Mining, the S&P/TSX Global
Gold and the S&P/TSX Equal Weight Global Gold Indices.
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