McEwen signs deal to acquire Canadian Gold for 0.0225 shares/share, 96.7% premium

McEwen Inc.

Exchange ratio 0.0225 McEwen shares per CGC share; offer price CDN $0.60/share (96.7% premium to pre-announcement close).
Expected close early Jan 2026; CGC shareholders to vote Dec 5, 2025; requires 66.7% approval plus minority vote.
Post-closing, existing McEwen shareholders own ~92%, CGC shareholders ~8% on diluted basis.
CGC's Tartan Lake Gold Mine in Manitoba adds high-grade former producer with existing infrastructure.
Robert McEwen (owns 32.5% of CGC) abstained; break fee CAD$2.195M for McEwen.

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