None
EN
McEwen Set To Acquire Golden Lake Exploration For $0.12 Per Share
['Jay Lutz']
the deep dive
McEwen Inc (TSX: MUX) is again looking to expand its asset base via the acquisition of a junior explorer.
The company this morning announced it has entered into a definitive agreement to acquire Golden Lake Exploration (CSE: GLM).
The arrangement will see Golden Lake shareholders receive 0.003876 of a share of McEwen for each share of Golden Lake held.
Golden Lake shareholders on a post transaction basis will own 0.5% of the combined company.
The appeal here for McEwen is Golden Lake’s Jewel Ridge and Jewel Ridge West projects, which are found adjacent to McEwen’s Windfall and Lookout Mountain discoveries.