Business
Canadian Gold Corp. Announces Shareholders Approve Arrangement with McEwen
Flin Flon, Manitoba--(Newsfile Corp. - December 5, 2025) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold") is pleased to announce that at a special meeting of its shareholders (the "Meeting") held on December 5, 2025, shareholders overwhelmingly approved the special resolution authorizing the previously announced business combination with McEwen Inc. (NYSE: MUX) (TSX: MUX) ("McEwen") to be completed by way of statutory plan of arrangement (the "Arrangement") under the Business Corporations Act
About this update from Mcewen Inc.
[{"type":"text","content":"Flin Flon, Manitoba--(Newsfile Corp. - December 5, 2025) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold") is pleased to announce that at a special meeting of its shareholders (the "Meeting") held on December 5, 2025, shareholders overwhelmingly approved the special resolution authorizing the previously announced business combination with McEwen Inc. (NYSE: MUX) (TSX: MUX) ("McEwen") to be completed by way of statutory plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia).","length":570,"tagName":"p"},{"type":"text","content":"The Arrangement was approved by 99.998% of the votes cast by shareholders present in person or represented by proxy at the Meeting. In addition, as required by Multilateral Instrument 61-101 of the Canadian Securities Administrators ("MI 61-101"), the Arrangement was also approved by 99.996% of the votes cast by disinterested shareholders, after excluding the 79,681,855 votes held by "interested parties" (as defined under MI 61-101). The total votes cast in favour of the Arrangement represented approximately 64.79% of Canadian Gold's total issued and outstanding common shares.","length":607,"tagName":"p"},{"type":"text","content":"Under the terms of the arrangement agreement dated October 10, 2025 between Canadian Gold and McEwen (the "Arrangement Agreement"), which was negotiated at arms-length, each holder of a common share of Canadian Gold (each, a "Canadian Gold Share") will receive 0.0225 common shares of McEwen for each Canadian Gold Share held.","length":346,"tagName":"p"},{"type":"text","content":"Canadian Gold is also pleased to announce that it has obtained conditional approval from the TSX Venture Exchange with respect to the Arrangement, subject to customary conditions. Canadian Gold anticipates attending the British Columbia Supreme Court on or about December 10, 2025 to obtain the final order of the Court.","length":320,"tagName":"p"},{"type":"text","content":"Completion of the Arrangement remains subject to the satisfaction of customary conditions applicable to transactions of this nature, including receipt of requisite court and stock exchange approvals. If all necessary approvals are obtained and the conditions to the Arrangement are met or waived, the Ar...