NewCastle Gold Ltd and Anfield Gold Corp. shareholders have approved the plan of arrangement (the Transaction) whereby the two businesses will be acquired by Trek Mining to create Equinox Gold Corp., a new multi-asset mining company.
The Transaction was approved by 93.3% of the votes cast by NewCastle shareholders, and 91.0% of the votes cast by NewCastle shareholders excluding the votes cast in respect of shares held by parties required to be excluded pursuant to applicable securities laws. The Transaction was also approved by 99.9% of the votes cast by Anfield shareholders, and 99.7% of the votes cast by Anfield shareholders excluding the votes cast in respect of shares held by parties required to be excluded pursuant to applicable securities laws.
The Supreme Court of British Columbia hearing for the final order to approve the Transaction is expected to occur on 21 December 2017 and closing of the Transaction is expected to occur on 22 December 2017, subject to final approval by the TSX Venture Exchange and the Court.