AUGUSTA GOLD STOCKHOLDERS APPROVE ACQUISITION BY ANGLOGOLD ASHANTI
BarrickBarrick(US:GOLD) Prnewswire·2025-10-21 12:46

Core Viewpoint - Augusta Gold Corp. has received approval from its stockholders for a merger with AngloGold Ashanti, which is expected to close around October 23, 2025, leading to Augusta Gold becoming a wholly-owned subsidiary of AngloGold Ashanti [1][3]. Voting Results - At the Special Meeting, 59,884,859 shares of Augusta Gold common stock were voted, representing approximately 69.69% of the issued and outstanding shares as of the record date [2]. - The Merger Resolution was approved by approximately 69.44% of the issued and outstanding shares and approximately 99.37% of the shares voted at the meeting, excluding certain related party votes [2]. Merger Details - The merger is subject to customary closing conditions and is anticipated to finalize on or around October 23, 2025 [3]. - Following the merger, Augusta Gold's common shares are expected to be delisted from the Toronto Stock Exchange and cease to be quoted on the OTCQB [3]. Reporting Status - Augusta Gold has applied to cease being a reporting issuer in Canada after the merger closes, which would exempt it from Canadian securities disclosure requirements [4]. - The company also plans to file with the U.S. Securities and Exchange Commission to terminate its reporting obligations in the United States upon closing of the merger [5]. Company Overview - Augusta Gold is focused on exploration and development in the Bullfrog mining district, with projects located approximately 120 miles northwest of Las Vegas, Nevada [6].