March 22, 2016 / 4:37 PM / 2 years ago

BRIEF-Newcastle Gold and Catalyst Copper announce merger

March 22 (Reuters) - Newcastle Gold Ltd :

* Prior to completion of business combination, stock options and warrants of catalyst will be exercised such that catalyst will have not less than c$3.75 million cash amounts

* Newcastle gold and catalyst copper announce merger to strengthen board and provide financial flexibility

* Newcastle will acquire all of outstanding common shares of catalyst in exchange for common shares of newcastle

* Exchange ratio will be such that outstanding shares of newcastle will be held 60%, by shareholders of newcastle and 40%, by shareholders of catalyst Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below