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Newcastle Gold Ltd. completes merger with Catalyst Copper Corp.

Date closed: 5/26/2016

: C$33.9 million

On May 26, 2016, NewCastle Gold. Ltd. and Catalyst Copper Corp. completed a merger by way of statutory plan of arrangement under the Business Corporations Act (British Columbia) to create a new company, anchored by the substantially permitted Castle Mountain Gold Project located in California.

Pursuant to the Arrangement, shareholders of Catalyst received one common share of NewCastle for each common share of Catalyst held. On a post-merger basis, the outstanding shares of NewCastle are held, as to approximately 60%, by the shareholder of NewCastle and, as to approximately 40%, by the former shareholder of Catalyst.

BLG represented NewCastle with a team led by Andrew Powers that included Mark WheelerGraeme Martindale and Linda Tu (Securities), Steve Suarez (Tax) and Michelle Maniago (Litigation).