McEwen and Golden Lake Exploration Announce Closing of Arrangement
McEwen (MUX.TO, MUX) and Golden Lake Exploration (GLM.CN) late Thursday announced the completion of the previously announced business combination between the companies by way of statutory plan of arrangement.Under the terms of the arrangement, each holder of common shares of Golden Lake received 0.003876 McEwen common shares for each Golden Lake share held, said the company."Outstanding stock options of Golden Lake were exchanged for replacement options of McEwen on an equivalent economic basis, with adjusted exercise prices, exercisable within 90 days following the closing of the Arrangement, in accordance with the terms of Golden Lake's stock option plan," said the company.The shares of Golden Lake are expected to be delisted from the Canadian Securities Exchange effective as of the close of market on April 30, 2026, stated the company."Golden Lake will submit an application to cease to be a reporting issuer under applicable Canadian securities laws and to otherwise terminate its public reporting requirements," added the company.
