Trek Mining Inc. (TSXV: TREK), NewCastle Gold Ltd (TSX: NCA) and Anfield Gold Corp (TSXV: ANF) are entering into a business combination to form Equinox Gold Corp. Equinox will have two advanced-stage gold projects in Aurizona, in Brazil, and Castle Mountain, in California.
Well-known mining entrepreneur, Ross Beaty, chairman of Anfield, will join as chairman and invest approximately US$20 million to own approximately 11% of Equinox. Current Trek CEO, Christian Milau, will become CEO of the new entity.
The transaction is expected to close after shareholders of Newcastle and Anfield meet to approve the deal in December 2017.
World Gold Analyst will be initiating coverage of Equinox in December.