Ross Beaty entered into an agreement to acquire 2.25% stake in Trek Mining Inc. (TSXV:TREK) from Sandstorm Gold Ltd. (TSX:SSL) for CAD 4.1 million ($18.2 million) on October 25, 2017. In the transaction, Ross Beaty will acquire CAD 11.73 million ($15 million) of Trek Mining convertible debentures and 4 million common shares of Trek Mining at CAD 1.02 per share.

The transaction is conditional upon the closing of the announced business combination between Trek Mining, NewCastle Gold Ltd. (TSX:NCA) and Anfield Gold Corp. (TSXV:ANF). The combined entity will be led by Ross Beaty as Chairman. The debentures acquired by Ross Beaty will be converted to approximately 18.5 million common shares concurrent with closing of the business combination. At closing, Ross Beaty is expected to own approximately 11% of Equinox Gold.

Ross Beaty completed the acquisition of 2.25% stake in Trek Mining Inc. (TSXV:TREK) from Sandstorm Gold Ltd. (TSX:SSL) on January 3, 2018.