Both Equinox Gold and Leagold shareholders have approved the transaction announced on December 16, 2019 to combine the companies.
Equinox Gold (TSX:EQX, NYSEAmerican:EQX) and Leagold Mining (TSX:LMC, OTCQX:LMCNF) announced that both Equinox Gold and Leagold shareholders approved all matters voted on at their respective special meetings of shareholders held earlier today, approving the transaction announced on December 16, 2019 to combine the companies, creating one of the world’s top gold producing companies operating entirely in the Americas.
As stated in the press release:
On closing of the transaction, Leagold shareholders will receive 0.331 of an Equinox Gold share for each Leagold share held. Existing Equinox Gold and Leagold shareholders will own approximately 55 percent and 45 percent of the merged company, respectively, on an issued share basis. The merged company will continue as Equinox Gold with the ticker symbol EQX on both the Toronto Stock Exchange (TSX) and the NYSE American Stock Exchange (NYSE-A). Equinox Gold warrants will continue trading as EQX.WT on the TSX and EQXWF on the OTC markets, with no change to the exercise price or expiration date.