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10/25/17

Anfield Trek and NewCastle is a three-way merger

Christmas holidays come early for Panneton (geddit?). How do we know? As soon as Leduc appeared as interim CEO it was just one logical step for Bay/Howe St to connect the dots and word went round.

UPDATE 2pm local time: And sure enough, the IKN jungledrums strike again.

VANCOUVER, British Columbia, Oct. 25, 2017 (GLOBE NEWSWIRE) -- Trek Mining Inc. (TSX-V:TREK) (“Trek Mining”), NewCastle Gold Ltd. (TSX:NCA) (“NewCastle”) and Anfield Gold Corp. (TSX-V:ANF) (“Anfield”) are pleased to announce the signing of a definitive agreement (the “Agreement”) to combine their businesses (the “Transaction”). The combined entity intends to operate under the name Equinox Gold Corp. (“Equinox Gold”) and expects to trade on the TSX Venture Exchange (“TSX-V”) under the ticker symbol “EQX”. Led by Ross Beaty as Chairman, and the executive team led by Christian Milau as CEO and Greg Smith as President, Equinox Gold will be a well-financed gold mining company with a near-term strategy to become a profitable, multi-asset, low-cost gold producer. Shareholders of Trek Mining and NewCastle Gold will each own 44% of Equinox Gold, with Anfield Gold shareholders owning 12%.