McEwen Mining (MUX) and Canadian Gold said Tuesday they completed a business combination through a statutory plan of arrangement, effective Jan. 5.

Under the terms of the agreement, Canadian Gold shareholders will receive 0.0225 McEwen common shares for each Canadian Gold share held, the companies said.

Canadian Gold's shares are expected to be delisted from the TSX Venture Exchange as of the close of market on Jan. 7, they said.