VANCOUVER, BC, April 7, 2021 /PRNewswire/ – Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) (“Equinox Gold” or the “Firm”) has accomplished its acquisition of Premier Gold Mines Restricted (TSX: PG) (OTCPK: PIRGF) (“Premier”), including Premier’s curiosity within the construction-ready Hardrock Undertaking in Ontario, Canada, the manufacturing Mercedes Mine in Mexico, and the Hasaga and Rahill-Bonanza exploration properties in Ontario to the Firm’s current portfolio of gold property. Going ahead, Hardrock might be referred to as the Greenstone Undertaking, a reputation that’s properly acknowledged within the area and supported regionally. In reference to the acquisition, the spin-out of i-80 Gold Corp. (“i-80 Gold”), a newly created firm holding Premier’s gold tasks in Nevada, USA, was additionally accomplished. Equinox Gold is a 30% shareholder of i-80 Gold.
Christian Milau, CEO of Equinox Gold, said: “With Mercedes and Greenstone in our portfolio, Equinox Gold now has eight working mines and one of many largest gold reserves in our peer group, all within the mining-friendly jurisdictions of Ontario, California, Mexico and Brazil. We even have a robust, near-term development profile with building of our Santa Luz mine underway, Greenstone building focused to start out in 2021, and vital growth tasks at Los Filos and Citadel Mountain. We sit up for growing Greenstone with Orion as our companion, integrating Mercedes into our portfolio of manufacturing mines and being a considerable and supportive shareholder of i-80 Gold.”
Ewan Downie, CEO of i-80 Gold and former CEO of Premier Gold, said: “Premier shareholders will profit from the mixture with Equinox Gold and its monetary capability to advance improvement of our flagship Greenstone Undertaking. It was an incredible honour working with the Premier crew for practically 15 years, taking part in quite a few exploration and improvement successes, and I’m grateful for the help of this group and our shareholders. We now look to the long run and the general public launch of i-80 Gold subsequent week, with the target of making a go-to, Nevada-focused mining and improvement firm.”
Premier’s frequent shares are anticipated to be de-listed from the Toronto Inventory Trade (“TSX”) inside two to a few enterprise days. Premier shareholders will obtain 0.1967 of an Equinox Gold frequent share for every Premier share held. Every Premier warrant and possibility will turn into exercisable for Equinox Gold frequent shares, as adjusted in accordance with the trade ratio. Premier shareholders may also obtain 0.4 of a share in i-80 Gold for every Premier share held. The frequent shares of i-80 Gold are anticipated to be listed for buying and selling on the TSX inside three to 4 enterprise days with the ticker image “IAU”.
Premier shares held in a buying and selling account will replace robotically to mirror the receipt of Equinox Gold shares and i-80 Gold shares, typically inside two weeks of closing. Premier shareholders who maintain bodily share certificates or DRS Statements should submit a Letter of Transmittal to Equinox Gold’s switch agent, Computershare Investor Companies Inc., to obtain their Equinox Gold shares. Extra data concerning the method of receiving Equinox Gold shares is accessible on Equinox Gold’s web site at www.equinoxgold.com. Details about the method to obtain i-80 Gold shares could be obtained by contacting i-80 Gold by electronic mail at [email protected] or by telephone at 1-888-346-1390. The switch agent for i-80 Gold is TSX Belief Firm.
Whereas Equinox Gold holds 30% of the shares of i-80 Gold, Equinox Gold shareholders won’t obtain i-80 Gold shares and i-80 Gold might be a separate, unbiased firm with a administration crew that may embody sure former Premier Gold executives.
Equinox Gold has additionally accomplished the related non-brokered non-public placement of subscription receipts at a worth of C$10.00 per subscription receipt for gross proceeds of C$75 million. Sure of the Firm’s executives and administrators subscribed for C$40.4 million of the non-public placement. With the acquisition of Premier full, holders of the subscription receipts will obtain one share of Equinox Gold for every subscription receipt held.
With completion of the acquisition of Premier by Equinox Gold, the escrow launch situations in respect of i-80 Gold’s $80.4 million subscription receipt financing accomplished on March 18, 2021 have now been glad. Every of the 30,914,614 subscription receipts of i-80 Gold issued might be robotically transformed, with no additional motion on the a part of the holder, into one frequent share and ¼ of 1 frequent share buy warrant of i-80 Gold. The online proceeds of the financing have been launched to i-80 Gold. For additional data on the subscription receipt financing, confer with the Premier March 18, 2021 information launch.
About Equinox Gold
Equinox Gold is a Canadian mining firm with eight working gold mines, building underway at a ninth web site, a multi-million-ounce gold reserve base and a transparent path to attain a couple of million ounces of annual gold manufacturing from a pipeline of improvement and growth tasks. Equinox Gold operates completely within the Americas with properties in Canada, america, Mexico and Brazil. Equinox Gold’s frequent shares are listed on the TSX and the NYSE American below the buying and selling image EQX. Additional details about Equinox Gold’s portfolio of property and long-term development technique is accessible at www.equinoxgold.com or by electronic mail at [email protected].
Equinox Gold Contacts
Christian Milau, Chief Govt Officer
Rhylin Bailie, Vice President, Investor Relations
Tel: +1 604-558-0560
E-mail: [email protected]
i-80 Gold Contacts
Ewan Downie, Chief Govt Officer
Matthew Gollat, Govt Vice President
Tel: +1 888-346-1390
E-mail: [email protected]
Cautionary Notes & Ahead-looking Statements
This information launch consists of sure statements that represent “forward-looking statements”, and “forward-looking data” inside the that means of relevant securities legal guidelines collectively “forward-looking statements”. These embody statements concerning the expectations of the officers and administrators of Equinox Gold and i-80 Gold (the “Firms”) following completion of the acquisition of Premier and the spin-out of i-80 Gold. When used on this information launch, phrases comparable to “will”, “clear path”, “robust”, “anticipated”, and comparable expressions are supposed to establish these forward-looking statements in addition to phrases or statements that sure actions, occasions or outcomes “could”, “might”, “would”, “ought to”, “happen” or “be achieved” or the detrimental connotation of such phrases. As properly, forward-looking statements could relate to future outlook and anticipated occasions, such because the timing concerning de-listing of Premier’s shares and itemizing and buying and selling of i-80 Gold’s shares; Equinox Gold’s capability to appreciate the synergies anticipated with the acquisition of Premier; the strategic imaginative and prescient for Equinox Gold and its capability to efficiently advance its improvement and growth tasks and obtain its development goals; the strengths, traits and potential of i-80 Gold; the strategic imaginative and prescient for i-80 Gold; the power of i-80 Gold to efficiently advance its tasks; and the supply of funds and future money necessities for the tasks of each Equinox Gold and i-80 Gold.
Though the Firms imagine that the expectations mirrored in such forward-looking statements and knowledge are cheap, undue reliance shouldn’t be positioned on forward-looking statements for the reason that Firms may give no assurance that such expectations will show to be appropriate. The Firms warning that forward-looking statements and knowledge contain identified and unknown dangers, uncertainties and different components that will trigger precise outcomes and developments to vary materially from these expressed or implied by such forward-looking statements and knowledge contained on this information launch and the Firms have made assumptions and estimates based mostly on or associated to many of those components. Such components embody, with out limitation: fluctuations in gold costs; fluctuations in costs for power inputs, labour, supplies, provides and companies; fluctuations in forex markets; the potential for labour-related disruptions and unplanned delays or interruptions in scheduled building, improvement and manufacturing, together with by blockade; operational dangers and hazards inherent with the enterprise of mining (together with environmental accidents and hazards, industrial accidents, tools breakdown, uncommon or surprising geological or structural formations, cave-ins, flooding and extreme climate); insufficient insurance coverage, or lack of ability to acquire insurance coverage to cowl these dangers and hazards; worker relations; relationships with, and claims by, native communities and indigenous populations; Equinox Gold’s and i-80 Gold’s respective skills to acquire all needed permits, licenses and regulatory approvals in a well timed method or in any respect; modifications in legal guidelines, rules and authorities practices, together with environmental, export and import legal guidelines and rules; capital, decommissioning and reclamation estimates; the potential for authorized restrictions regarding mining together with these imposed in reference to COVID-19; the potential impression of COVID-19 on operations; dangers regarding expropriation; and elevated competitors within the mining business; the power of Equinox Gold and i-80 Gold to work productively with their respective three way partnership companions; and Equinox Gold’s capability to appreciate a profit from its funding in i-80 Gold. Extra threat components are recognized in Equinox Gold’s MD&A dated March 19, 2021 and its Annual Data Type dated March 24, 2021, each for the 12 months ended December 31, 2020, which can be found on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar; and in Premier’s MD&A dated March 31, 2021 and its Annual Data Type dated March 31, 2021, each for the 12 months ended December 31, 2020, which can be found on Premier’s profile on SEDAR. Ahead-looking statements are based mostly on data obtainable on the time these statements are made and/or administration’s good religion perception as of that point with respect to future occasions and are topic to dangers and uncertainties that might trigger precise efficiency or outcomes to vary materially from these expressed in or instructed by the forward-looking statements. Ahead-looking statements converse solely as of the date these statements are made. Whereas the Firms think about these assumptions to be cheap based mostly on data presently obtainable, they could show to be incorrect. Accordingly, readers are cautioned to not put undue reliance on the forward-looking statements or data contained on this information launch. Besides as required by relevant legislation, the Firms haven’t any obligation to replace or to publicly announce the outcomes of any change to any forward-looking assertion contained or included by reference herein to mirror precise outcomes, future occasions or developments, modifications in assumptions or modifications in different components affecting the forward-looking statements. If the Firms replace any a number of forward-looking statements, no inference needs to be drawn that the corporate will make extra updates with respect to these or different forward-looking statements. All forward-looking statements contained on this information launch are expressly certified of their entirety by this cautionary assertion.
SOURCE Equinox Gold Corp.