VANCOUVER, BC--(Marketwired - March 31, 2017) - Trek Mining Inc. (TSX VENTURE: TREK) ("Trek"), formerly JDL Gold Corp. (TSX VENTURE: JDL), is pleased to announce that Luna Gold Corp. (TSX: LGC) and JDL Gold Corp. have combined their businesses to create Trek, following final approval by the TSX Venture Exchange ("TSX-V") of the previously announced plan of arrangement (the "Arrangement"). Trek is now trading on the TSX-V under the ticker symbol "TREK".
With the Arrangement closed, 41,709,586 subscription receipts (the "Subscription Receipts") issued pursuant to Trek's previously announced brokered and non-brokered private placement financings have been converted into 41,709,586 common shares (each, a "Common Share") and 41,709,586 common share purchase warrants (each, a "Warrant"). Each Warrant will entitle the holder to acquire one Common Share at an exercise price of C$3.00 with an expiry date of October 6, 2021.
The Common Shares and Warrants issued upon conversion of the Subscription Receipts may be traded by the holders through the facilities of the TSX-V under the symbols "TREK" and "TREK.WT", respectively, and are not subject to a statutory hold period.
