M&A
confidence high
sentiment neutral
materiality 0.60
McEwen closes business combination with Canadian Gold Corp; exchange ratio 0.0225 shares per CGC share
McEwen Inc.
- McEwen (MUX) completed acquisition of Canadian Gold (TSX-V:CGC) via statutory plan of arrangement, effective Jan 5, 2026.
- Each Canadian Gold share exchanged for 0.0225 McEwen common share; Canadian Gold shares to be delisted from TSX-V.
- Due to NYSE requirements, shares held by CEO Rob McEwen exchanged for subscription receipts, not common shares, pending shareholder approval.
- If shareholder approval not obtained, McEwen will pay cash for those subscription receipts.
- Immediate priorities: accelerate exploration at Tartan, initiate mine plan engineering, advance production permitting; updated resource estimate by end of February.