S&P Dow Jones Indices announced changes to the S&P/TSX Composite Index following the completion of the plan of arrangement between Equinox Gold (TSX: EQX) and Calibre Mining (TSX:CXB). These changes reflect the combination of the two companies.
Each share of Calibre Mining will be exchanged for 0.35 new Equinox Gold shares. In anticipation of final closing conditions being met, Calibre Mining's shares will be removed from the S&P/TSX Composite Index prior to the open of trading on June 23, 2025.
Concurrently, the shares outstanding of Equinox Gold will be increased to reflect the issuance of new shares in connection with the merger. This adjustment impacts the index's composition and the weighting of Equinox Gold within it.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.