CTM(SH:600711) Newsfile·2025-12-01 14:12Core Viewpoint - Loncor Gold Inc. is advancing its Arrangement Transaction with Chengtun Mining Group, which involves the acquisition of all outstanding shares of Loncor for Cdn$1.38 per share in cash, pending shareholder and court approvals [1][3]. Group 1: Arrangement Transaction Details - The Arrangement Transaction is structured as a court-approved plan, allowing Chengtun Mining to acquire all outstanding shares of Loncor for Cdn$1.38 per share in cash [1]. - A special meeting of shareholders is scheduled for December 11, 2025, to obtain the necessary approval for the Arrangement Transaction [3]. - The completion of the transaction is contingent upon satisfying all closing conditions, including shareholder approval and Ontario Superior Court approval [3]. Group 2: Operational Updates - Loncor's Adumbi project, located approximately 500 kilometers from the eastern DRC border, continues to operate normally despite recent advisories from the Chinese Ministry of Foreign Affairs regarding safety in certain regions [2]. - The drill program at the Adumbi project is ongoing, with additional drill results expected within the next 10 days [2]. Group 3: Company Overview - Loncor Gold Inc. is focused on gold exploration in the Ngayu Greenstone Gold Belt in the northeast of the Democratic Republic of the Congo [4]. - The Adumbi deposit holds an indicated mineral resource of 1.88 million ounces of gold, with an inferred mineral resource of 2.09 million ounces [4]. - Loncor has a significant portion of its resources attributable to its operations, with 84.68% of the resources being linked to the company [4]. Group 4: Chengtun Mining Overview - Chengtun Mining specializes in developing new energy metal resources, including mining and refining of copper, cobalt, and nickel, and has identified gold as a strategic area for future development [6]. - The company operates mines in the Democratic Republic of the Congo, including the Kalongwe copper-cobalt mine [6].