Equinox Gold and Leagold Shareholders Approve Merger to Create a Premier Americas Gold Producer

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Overig advies 29/01/2020 05:46
January 28, 2020 – Vancouver, BC – Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold”) and Leagold Mining Corporation (TSX: LMC, OTCQX: LMCNF) (“Leagold”) are pleased to announce 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.

Equinox Gold Voting Results

The transaction was approved by 99.88% of the votes cast by Equinox Gold shareholders, with shareholders holding 51,255,001 shares or 45.18% of the outstanding shares of the Company present in person or represented by proxy at the meeting.

Resolution Votes for % for Votes against % against
Shareholder vote 51,191,609 99.88% 63,392 0.12%
Disinterested shareholder vote1 37,824,914 99.59% 156,019 0.41%

1 Approving the non-brokered private placement of common shares of Equinox Gold to Mr. Ross Beaty, Chairman of Equinox Gold

Leagold Voting Results

The transaction was approved by 99.73% of the votes cast by Leagold shareholders, with shareholders holding 212,463,328 shares or 74.57% of the outstanding shares of the Company present in person or represented by proxy at the meeting.

Resolution Votes for % for Votes against % against
Shareholder vote 211,896,563 99.73% 566,765 0.27%
Securityholder vote1 229,692,380 99.75% 566,765 0.25%
Minority vote2 202,729,813 99.72% 566,765 0.28%

1 Shareholders and option holders

2 Shareholders, excluding shares held by Neil Woodyer, Doug Reddy and Doug Bowlby

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% and 45% 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.

The transaction is expected to close in February, subject to regulatory approvals, including approvals from the TSX, the NYSE-A and other customary conditions.

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



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