McEwen to acquire Canadian Gold Corp at C$0.35/sh (26% premium); Tartan Mine asset

McEwen Inc.

Each CGC share exchanges for 0.0225 McEwen share; premium of 26% to 30-day VWAP as of July 25, 2025.
Existing CGC shareholders would own ~8.2% of combined entity; break fee C$2.2M payable to McEwen.
Acquisition adds former-producing Tartan Mine in Manitoba; potential restart within 24–36 months.
Approvals required: 66 2/3% of CGC votes, simple majority of minority, court, TSX, and NYSE.
Rob McEwen (32.5% CGC holder) and conflicted directors abstained; special committees appointed.

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