Equinox Gold Agrees to All-Stock Merger With Calibre Mining
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Equinox Gold has announced an all-stock merger with Calibre Mining, creating Canada's second-largest gold mining company. Calibre shareholders will receive 0.31 Equinox shares for each share held. The combined entity will retain the Equinox Gold name, with Equinox shareholders owning approximately 65%. Greg Smith will remain CEO, while Darren Hall will serve as president and COO. The deal, endorsed by both boards, is expected to close in Q2. Additionally, Calibre will issue $75 million in convertible notes to Equinox and partners, convertible at $2.99 per share.
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