MDC Industry Holding Files Early Warning Report in Abu Dhabi
- MDC Industry Holding Company LLC filed an early warning report on September 27, 2024, regarding its investment in Equinox Gold Corp.
- The report reveals a decrease in MDCI's ownership percentage due to an increase in Equinox Gold's common shares.
- MDCI's holdings include US$130 million in convertible notes, which allow it to acquire about 9.46% of Equinox Gold's shares.
On September 27, 2024, MDC Industry Holding Company LLC, a subsidiary of Mubadala Investment Company PJSC, filed an early warning report regarding its holdings in Equinox Gold Corp. This report updates MDCI's ownership status following an increase in the number of common shares issued by Equinox Gold, which has led to a decrease in MDCI's percentage ownership. MDCI holds US$130 million in convertible notes from Equinox Gold, which entitle it to acquire approximately 9.46% of the company's common shares on a partially-diluted basis. The notes were issued in two tranches, with the 2019 Notes maturing in October 2024 and the 2020 Notes due in September 2025. The filing is part of compliance with Canadian securities laws, and MDCI may adjust its investment in Equinox Gold based on market conditions and other relevant factors. The report will be available for public viewing on Equinox Gold's SEDAR+ profile.