Newmarket and Kirkland Lake Shareholders Approve Merger

Newmarket Gold Inc. (TSX: NMI) and Kirkland Lake Gold Inc. (TSX: KLG) report that shareholders from the two companies have approved the previously announced merger to create a mid-tier gold company. 99.79% of Newmarket and 82.64% of Kirkland shareholders voted to approve the merger. The transaction is expected to close on Wednesday. According to president and chief executive officer of Kirkland Lake, the company will be the next mid-tier company to produce over 500 000 ounces of gold annually from it’s world class-gold mines in Canada and Australia with one of the lowest cost profiles in the industry.