Wesdome Gold Mines Completes Acquisition of Angus Gold
Globenewswire·2025-06-27 13:02

Core Viewpoint - Wesdome Gold Mines Ltd. has successfully acquired all outstanding common shares of Angus Gold Inc., making Angus a wholly owned subsidiary of Wesdome, enhancing its growth potential through strategic land consolidation [1][2]. Group 1: Acquisition Details - The acquisition was executed through a plan of arrangement, effective June 27, 2025, where former Angus shareholders received $0.62 in cash plus 0.0096 of a Wesdome share for each Angus common share held [1]. - The acquisition is expected to enhance Wesdome's portfolio by adding the prospective Angus property adjacent to its Eagle River Mine, supporting long-term growth through greenfield opportunities [2]. Group 2: Company Overview - Wesdome is a Canadian-focused gold producer with two high-grade underground assets: Eagle River in Northern Ontario and Kiena in Val-d'Or, Québec [3]. - The company's primary goal is to leverage its operating platform and exploration pipeline to build a value-driven gold production business [3].

Wesdome Gold Mines Completes Acquisition of Angus Gold - Reportify