UPDATE 2pm local time: And sure enough, the IKN jungledrums strike again.
VANCOUVER, British Columbia, Oct. 25, 2017 (GLOBE NEWSWIRE) — Trek
Mining Inc. (TSX-V:TREK) (“Trek Mining”), NewCastle Gold Ltd. (TSX:NCA)
(“NewCastle”) and Anfield Gold Corp. (TSX-V:ANF) (“Anfield”) are pleased
to announce the signing of a definitive agreement (the “Agreement”) to
combine their businesses (the “Transaction”). The combined entity
intends to operate under the name Equinox Gold Corp. (“Equinox Gold”)
and expects to trade on the TSX Venture Exchange (“TSX-V”) under the
ticker symbol “EQX”. Led by Ross Beaty as Chairman, and the executive
team led by Christian Milau as CEO and Greg Smith as President, Equinox
Gold will be a well-financed gold mining company with a near-term
strategy to become a profitable, multi-asset, low-cost gold producer.
Shareholders of Trek Mining and NewCastle Gold will each own 44% of
Equinox Gold, with Anfield Gold shareholders owning 12%.