VANCOUVER, March 10, 2020 /CNW/ - Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) ("Equinox Gold" or the "Company") and Leagold Mining Corporation (TSX: LMC, OTCQX: LMCNF) ("Leagold") have combined their businesses, creating one of the world's top gold producing companies operating entirely in the Americas.

Ross Beaty, Executive Chair of Equinox Gold, stated: "We have created a major gold producer by combining the assets and leadership teams of Equinox Gold and Leagold, with a peer-leading growth profile and powerful financial, technical and operational management. Equinox Gold now has six producing mines, two development projects, two expansion projects and the financial capacity to fund its development plans. On behalf of the entire Equinox Gold team I thank our outgoing directors, Marcel de Groot, Jacques McMullen and Sam Drier, for their guidance and support, and I personally welcome Neil Woodyer as Vice Chair, as well as Gordon Campbell, Peter Marrone and General Wesley Clark to the new Board of Directors. I look forward to working with the combined management team as we further build Equinox Gold into an important global gold producer."

The Board of Directors and leadership teams of the companies have been combined as follows:

Board of Directors Executive Team
Ross Beaty Executive Chair Christian Milau Chief Executive Officer
Neil Woodyer Vice Chair Greg Smith President
Len Boggio Director Attie Roux Chief Operating Officer
Tim Breen Director Peter Hardie Chief Financial Officer
Gordon Campbell Director Doug Reddy EVP Technical Services
General Wesley K. Clark Director
Marshall Koval Director
Peter Marrone Director

Equinox Gold common shares and warrants will continue trading on the Toronto Stock Exchange and NYSE American Stock Exchange with no changes.

Leagold shares are expected to be de-listed on or about March 11, 2020. Leagold shareholders will receive 0.331 of an Equinox Gold common share for each Leagold share held. Each Leagold warrant and option will become exercisable for Equinox Gold common shares, as adjusted in accordance with the exchange ratio. Leagold shares deposited in an online trading account will update automatically to reflect the conversion to Equinox Gold shares, generally within two weeks of closing. Leagold shareholders who still hold physical share certificates or DRS Statements must submit a Letter of Transmittal to Equinox Gold's transfer agent, Computershare Investor Services Inc., to receive new Equinox Gold share certificates. Additional information regarding the process is available on Equinox Gold's website at www.equinoxgold.com.

The concurrent US$670 million debt and equity financings associated with the merger have also been completed. Terms of the financings are described in the joint management information circular dated December 20, 2019 that is available for download on Equinox Gold's website, on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

About Equinox Gold

Equinox Gold is a Canadian mining company with six producing gold mines, a multi-million-ounce gold reserve base and a strong growth profile from two development projects and two expansion projects. Equinox Gold operates entirely in the Americas, with two projects in the United States, one in Mexico and five in Brazil. Equinox Gold's common shares are 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 or by email at ir@equinoxgold.com