MergerApr 30, 2026, 10:14 PM
MUX Completes Golden Lake Exploration Merger
AI Summary
McEwen Inc. and Golden Lake Exploration Inc. announced the completion of their previously announced business combination through a statutory plan of arrangement. Under the terms, Golden Lake shareholders received 0.003876 McEwen common shares for each Golden Lake share. The integration of Golden Lake's Jewel Ridge projects into McEwen's Gold Bar Mine Complex is expected to transform the mine into a long-life operation by leveraging existing infrastructure and investing in exploration. Golden Lake shares are slated for delisting from the CSE, and the company will cease to be a reporting issuer.
Key Highlights
- McEwen Inc. completed its business combination with Golden Lake Exploration Inc. via a statutory plan of arrangement.
- Golden Lake shareholders received 0.003876 McEwen common shares for each Golden Lake share held.
- Golden Lake Warrants were cashlessly exercised, and convertible notes were converted into Golden Lake Shares.
- All Golden Lake Shares were exchanged for McEwen Shares based on the exchange ratio.
- Golden Lake's Jewel Ridge projects will be incorporated into McEwen's Gold Bar Mine Complex.
- The integration aims to transform the Gold Bar Mine into a long-life operation by investing in exploration.
- Golden Lake shares are expected to be delisted from the Canadian Securities Exchange on April 30, 2026.
- Historical drill highlights from Jewel Ridge include 2.37 gpt gold over 67.57 meters.