Equinox Gold (NYSE:EQX) to acquire all the issued and outstanding common shares of Calibre Mining (OTCQX:CXBMF) in a court-approved plan of arrangement, the companies said on Sunday. Calibre shareholders will receive 0.

Canadian miner Equinox Gold has entered a definitive arrangement agreement with Calibre Mining for an at-market business combination, with Equinox acquiring all issued and outstanding common shares of Calibre.

The merger of Equinox Gold and Calibre Mining, valued at $1.8 billion, will create Canada's second-largest gold producer with nine mines and a strong growth pipeline.

Equinox Gold Corp. agreed to acquire Calibre Mining Corp. in a C$2.6 billion ($1.8 billion) all-stock deal that will give it additional production of the precious metal in the US and Nicaragua.

Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX) and Calibre Mining (TSX:CXB,OTCQX:CXBMF) have entered into a definitive arrangement agreement to merge, creating a major diversified gold producer in the Americas.

Equinox Gold Corp. has signed an all-stock deal to acquire Calibre Mining Corp. and its Valentine gold mine in Newfoundland and Labrador in a proposal that values the company at about $2.6 billion.