Golden Lake Exploration Seeks Approval for Acquisition by McEwen Inc.

Golden Lake Exploration Inc. has announced the mailing of its management information circular and proxy materials ahead of a crucial meeting. The meeting, set for March 18, 2026, will determine if Securityholders approve the proposed acquisition by McEwen Inc., a move unanimously backed by Golden Lake's Board of Directors.

Key aspects of the plan include McEwen acquiring all issued shares of Golden Lake. Securityholders will receive McEwen shares based on a set exchange ratio offering a 60% premium on recent prices. This implies an offer price of $0.12 per Golden Lake share, reflecting strategic benefits and the potential for synergies.

The board highlights benefits such as access to McEwen's exploration properties and enhanced market exposure for Golden Lake shareholders. Approval requires at least 66⅔% of votes from shareholders. The acquisition is poised to close by the end of March 2026, pending necessary approvals.