BRIEF-Newcastle Gold and Catalyst Copper announce merger

Tue Mar 22, 2016 12:36pm EDT
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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: