McEwen Inc. and Canadian Gold Corp. Announce Arrangement Agreement
October 14, 2025
TORONTO and FLIN FLON, Manitoba, Oct. 14, 2025 (GLOBE NEWSWIRE) -- McEwen Inc. ("McEwen") (NYSE: MUX) (TSX:MUX) and Canadian Gold Corp. ("Canadian Gold") (TSX-V:CGC) are pleased to announce that they have entered into a definitive agreement (the "Arrangement Agreement") dated October 10, 2025, pursuant to which McEwen will acquire all of the issued and outstanding common shares of Canadian Gold by way of a statutory plan of arrangement (the "Proposed Transaction"). If the Proposed Transaction is approved by Canadian Gold shareholders and the Supreme Court of British Columbia, Canadian Gold will become a wholly-owned subsidiary of McEwen. Notice of a special meeting of Canadian Gold shareholders with a record date of October 30, 2025 and meeting date of December 5, 2025 has been filed on SEDAR+. The Proposed Transaction is expected to close in early January 2026.
Under the terms of the Arrangement Agreement, which was negotiated at arm’s length, each holder of common shares of Canadian Gold (each, a "Canadian Gold Share") will receive 0.0225 McEwen common shares (each, a "McEwen Share") for each Canadian Gold Share held (the "Exchange Ratio").
The Exchange Ratio represents a current offer price of CDN $0.60 per Canadian Gold Share, representing a 96.7% premium over the closing price of the Canadian Gold Shares on the trading day immediately prior to the public announcement of the letter of intent relating to the Proposed Transaction. Upon completion of the transaction, existing McEwen and Canadian Gold shareholders will own approximately 92% and 8% respectively, of McEwen, on both an outstanding shares and fully-diluted basis. McEwen will continue trading under the name McEwen Inc. on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX) under the symbol "MUX".
Canadian Gold's principal asset is its 100% interest in the Tartan Lake Gold Mine Project (the "Tartan Mine"), located in the province of Manitoba, Canada. The Tartan Mine is a high-grade gold project and former producing mine with existing infrastructure and significant exploration potential.
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www.mcewenmining.com/investor-relations/...ement/default.aspx
October 14, 2025
TORONTO and FLIN FLON, Manitoba, Oct. 14, 2025 (GLOBE NEWSWIRE) -- McEwen Inc. ("McEwen") (NYSE: MUX) (TSX:MUX) and Canadian Gold Corp. ("Canadian Gold") (TSX-V:CGC) are pleased to announce that they have entered into a definitive agreement (the "Arrangement Agreement") dated October 10, 2025, pursuant to which McEwen will acquire all of the issued and outstanding common shares of Canadian Gold by way of a statutory plan of arrangement (the "Proposed Transaction"). If the Proposed Transaction is approved by Canadian Gold shareholders and the Supreme Court of British Columbia, Canadian Gold will become a wholly-owned subsidiary of McEwen. Notice of a special meeting of Canadian Gold shareholders with a record date of October 30, 2025 and meeting date of December 5, 2025 has been filed on SEDAR+. The Proposed Transaction is expected to close in early January 2026.
Under the terms of the Arrangement Agreement, which was negotiated at arm’s length, each holder of common shares of Canadian Gold (each, a "Canadian Gold Share") will receive 0.0225 McEwen common shares (each, a "McEwen Share") for each Canadian Gold Share held (the "Exchange Ratio").
The Exchange Ratio represents a current offer price of CDN $0.60 per Canadian Gold Share, representing a 96.7% premium over the closing price of the Canadian Gold Shares on the trading day immediately prior to the public announcement of the letter of intent relating to the Proposed Transaction. Upon completion of the transaction, existing McEwen and Canadian Gold shareholders will own approximately 92% and 8% respectively, of McEwen, on both an outstanding shares and fully-diluted basis. McEwen will continue trading under the name McEwen Inc. on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX) under the symbol "MUX".
Canadian Gold's principal asset is its 100% interest in the Tartan Lake Gold Mine Project (the "Tartan Mine"), located in the province of Manitoba, Canada. The Tartan Mine is a high-grade gold project and former producing mine with existing infrastructure and significant exploration potential.
...
www.mcewenmining.com/investor-relations/...ement/default.aspx
