VANCOUVER, Dec. 30, 2019 /CNW/ - Equinox Gold Corp.
(TSX: EQX, NYSE American: EQX) ("Equinox Gold") and Leagold Mining
Corporation (TSX: LMC, OTCQX: LMCNF) ("Leagold") have filed the
joint management information circular and related meeting materials
in connection with their respective special meetings of
securityholders (the "Meetings") to be held on January 28, 2020. The purpose of the Meetings is
to seek approval for a number of matters in connection with the
proposed at-market merger announced on December 16, 2019, whereby Equinox Gold and
Leagold will combine to create one of the world's top gold
producing companies operating entirely in the Americas.
Pursuant to the transaction, Leagold shareholders will receive
0.331 of an Equinox Gold share for each Leagold share held. At
closing, existing Equinox Gold and Leagold shareholders will own
approximately 55% and 45% of the combined company, respectively, on
an issued share basis. The combined company will continue as
Equinox Gold under the ticker symbol "EQX" on both the Toronto
Stock Exchange and the NYSE American Stock Exchange.
Mailing of the joint management information circular and related
meeting materials has commenced and shareholders of both Equinox
Gold and Leagold should receive them shortly. All of the meeting
materials can be downloaded from Equinox Gold's website at
www.equinoxgold.com and from Leagold's website at www.leagold.com
and also from each company's profile on SEDAR at www.sedar.com.
The Board of Directors of Equinox Gold and the Board of
Directors of Leagold have unanimously approved the transaction and
recommend that shareholders vote in favour of the transaction at
their respective Meetings.
The Equinox Gold meeting will be held at the offices of Blake,
Cassels & Graydon LLP, located at Suite 2600, 595 Burrard
Street, Vancouver, BC on
January 28, 2020 commencing at
10:00 am Vancouver Time.
The Leagold meeting will be held at the offices of Fasken
Martineau DuMoulin LLP, located at Suite 2900, 550 Burrard
Street, Vancouver, BC on
January 28, 2020 commencing at
10:00 am Vancouver
Time.
Equinox Gold Standby Loan
Further to the Equinox Gold news release dated August 2, 2018, the standby loan arrangement
between Equinox Gold and its Chairman, Ross
Beaty, has been amended and restated to extend the term from
December 31, 2019 to March 31,
2020.
About Equinox Gold
Equinox Gold is a Canadian mining company with a
multi-million-ounce gold reserve base and growth potential from
three wholly owned gold mines. The Company is producing gold from
its Mesquite gold mine in California and its Aurizona gold mine in
Brazil and is constructing its
Castle Mountain gold mine in California with the target of pouring gold in
Q3 2020. Equinox Gold is listed on the TSX and the NYSE American
under the trading symbol EQX. Further information about Equinox
Gold's portfolio of assets and long-term growth strategy is
available at www.equinoxgold.com.
About Leagold
Leagold is a mid-tier gold producer with a focus on
opportunities in Latin America.
Leagold is based in Vancouver,
Canada and owns four operating gold mines in Mexico and Brazil, along with a near-term gold mine
restart project in Brazil and an
expansion project at the Los Filos mine complex in Mexico. Leagold is listed on the TSX under the
trading symbol LMC and trades on the OTCQX market as LMCNF. For
more information please visit www.leagold.com.
Cautionary Notes & Forward-looking
Statements
This news release includes certain statements that constitute
"forward-looking statements", and "forward-looking information"
within the meaning of applicable securities laws collectively
"forward-looking statements". These include statements regarding
Equinox Gold and Leagold's intent, or the beliefs or current
expectations of the officers and directors of Equinox Gold and
Leagold (the "Companies") for Equinox Gold post-closing. When used
in this news release, words such as "will", "to be", "to seek",
"should", "potential", "target", "strategy", and similar
expressions are intended to identify these forward-looking
statements as well as phrases or statements that certain actions,
events or results "may", "could", "would", "should", "occur" or "be
achieved" or the negative connotation of such terms. As well,
forward-looking statements may relate to future outlook and
anticipated events, such as the consummation and timing of the
transaction; the satisfaction of the conditions precedent to the
transaction; the strengths, characteristics and potential of the
combined company; and future plans, projections, objectives,
estimates and forecasts and the timing related thereto. These
forward-looking statements involve numerous risks and
uncertainties, including the risk factors identified in the joint
management information circular for the Meetings along with Equinox
Gold's Annual Information Form for the year ended December 31, 2018, which is available on SEDAR at
www.sedar.com and EDGAR at www.sec.gov, and Leagold's Annual
Information Form for the year ended December
31, 2018, which is available on SEDAR at www.sedar.com.
Forward-looking statements are based on information available at
the time those statements are made and/or management's good faith
belief as of that time with respect to future events and are
subject to risks and uncertainties that could cause actual
performance or results to differ materially from those expressed in
or suggested by the forward-looking statements. Forward-looking
statements speak only as of the date those statements are made.
Except as required by applicable law, Equinox Gold and Leagold
assume no obligation to update or to publicly announce the results
of any change to any forward-looking statement contained or
incorporated by reference herein to reflect actual results, future
events or developments, changes in assumptions or changes in other
factors affecting the forward-looking statements. If either Equinox
Gold or Leagold updates any one or more forward-looking statements,
no inference should be drawn that the company will make additional
updates with respect to those or other forward-looking statements.
All forward-looking statements contained in this news release are
expressly qualified in their entirety by this cautionary
statement.
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SOURCE Equinox Gold Corp.