Sept 29 (Reuters) - Kirkland Lake Gold Inc KLG.TO
* Kirkland Lake Gold and Newmarket Gold to combine to create a new mid-tier gold company
* Existing Kirkland Lake Gold and Newmarket shareholders will own about 57% and 43%, respectively of combined co on fully-diluted in money basis
* Implied equity value of deal is equal to C$1.01 billion
* Shareholders of Newmarket will receive 0.475 of a post consolidation share for every 1 pre-consolidation share of Newmarket
* Under terms of deal, shareholders of Newmarket to receive 0.475 of post consolidation earnings per share for every 1 pre-consolidation earnings per share of Newmarket
* Combined company will have a market capitalization of approximately C$2.4 billion and produce over 500 koz of gold annually
* Exchange ratio implies consideration of C$5.28 per newmarket common share Source text for Eikon: ID:nCCN1B6lBT Further company coverage: KLG.TO