On February 1, 2017, Luna Gold and JDL Gold (TSX-V: JDL) announced an agreement to combine their businesses, creating a multi-asset mining company. The combined company intends to change its name to Trek Mining Inc. and expects to trade on the TSX-V under the ticker symbol “TREK”.
The combined company will have a diverse portfolio of assets anchored by near-term production from the Aurizona gold project in Brazil and increasing gold production from milling operations at the Koricancha Mill in Peru. In addition, exploration upside at Aurizona and the pipeline of exploration-stage projects with Warintza (Ecuador), Ricardo (Chile) and Elk Gold (BC, Canada) provide a platform for growth, setting Trek Mining on the path to its vision of becoming a leading mid-tier gold producer.
The transaction is subject to shareholder approval. A joint information circular detailing the terms and conditions of the transaction has been filed with regulatory authorities and mailed to the securityholders of Luna Gold and shareholders of JDL in accordance with applicable securities laws. The special meetings of both companies will be held on March 24, with the expectation of completing the Transaction by the end of March 2017. More information about the special meeting and downloads of the meeting materials can be found here.