TORONTO – Kirkland Lake Gold
and Newmarket Gold
have completed their business combination, creating a new mid-tier gold producer.
Pursuant to the arrangement, Kirkland Lake Gold became a wholly owned subsidiary of Newmarket. Newmarket was then renamed Kirkland Lake Gold Ltd
. It is anticipated that the new KL Gold shares will begin trading on the TSX on Dec. 6, 2016, under the new symbol “KL”.
The new board of directors will represent both companies plus two new members: Eric Sprott (chairman), Tony Makuch (president and CEO), Barry Olson, Pamela Klessig, Jeffrey Parr, Ray Threlkeld, Maryse Belanger, Jon Gill (new), and Arnold Klassen (new).
Further details about the business combination can be found in the relevant information circular posted on SEDAR (www.Sedar.com