McEwen Mining Inc. and Canadian Gold Corp. have entered into a binding letter of intent with respect to a proposed transaction, whereby McEwen would acquire all of the issued and outstanding securities of Canadian Gold by way of plan of arrangement.

The transaction will be subject to shareholder and court approval, regulatory clearances and other customary closing conditions. Closing is anticipated to take place by the end of 2025.

Wildeboer Dellelce LLP is acting for the Special Committee of the Board of Directors of McEwen in connection with the transaction, with a team comprised of Perry Dellelce, James Brown, Jeff Hergott, Natalie Tershakowec and Isabelle Logan (corporate finance/M&A).