Workflow
Angus Gold Inc.
icon
Search documents
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].
Angus Shareholders Approve Arrangement With Wesdome
Globenewswire· 2025-06-20 11:00
Core Viewpoint - Angus Gold Inc. has received shareholder approval for a statutory arrangement with Wesdome Gold Mines Ltd., with approximately 99.8% of votes in favor of the transaction [1]. Voting Results - Total common shares eligible to be voted: 60,331,050 - Common shares voted total: 43,241,013 (71.67%) - Total shares voted in favor of the arrangement resolution: 43,172,113 - Percentage of shares voted in favor of the arrangement resolution: 99.84% [2] - Excluding certain votes, total common shares eligible to be voted: 48,656,050 - Common shares voted total (excluding certain votes): 31,566,013 (64.88%) - Total shares voted in favor of the arrangement resolution (excluding certain votes): 31,497,113 - Percentage of shares voted in favor of the arrangement resolution (excluding certain votes): 99.78% [2] Anticipated Timeline for Completion - Angus will seek a final order from the Ontario Superior Court of Justice on June 25, 2025, to approve the plan of arrangement - The transaction is expected to close on or about June 27, 2025, pending final court approval and customary closing conditions [3]. Transaction Details - At closing, each Angus shareholder (excluding dissenting shareholders and Wesdome) will receive 0.0096 of a Wesdome common share and $0.62 in cash for each Angus common share held - Following the transaction, Angus will become a wholly-owned subsidiary of Wesdome [4]. Company Overview - Angus Gold is a Canadian mineral exploration company focused on acquiring, exploring, and developing gold properties - The flagship project is the Golden Sky Project near Wawa, Ontario, adjacent to Wesdome's Eagle River mine [6].
Angus Gold Announces Cancellation of Underlying Royalty on the Golden Sky Project
Globenewswire· 2025-05-08 11:00
Core Viewpoint - Angus Gold Inc. has successfully canceled a 2% Net Smelter Royalty (NSR) through a buyback from IAMGOLD Corporation, which is expected to enhance the company's financial flexibility and project development potential [1][2]. Group 1: NSR Cancellation - The NSR was associated with the Mishi Property in Wawa, Ontario, which is fully owned by Angus Gold and covers about one-third of the Golden Sky Project land package [2]. - The buyback of the NSR was completed for a cash payment of US$750,000 [2]. Group 2: Company Overview - Angus Gold Inc. is a Canadian mineral exploration company focused on acquiring, exploring, and developing gold properties, with its flagship project being the Golden Sky Project located in Wawa, Ontario [3]. - The Golden Sky Project is situated adjacent to the Eagle River Mine operated by Wesdome Gold Mines Ltd. [3]. Group 3: Acquisition Agreement - Wesdome Gold Mines Ltd. has entered into a definitive arrangement agreement to acquire all issued and outstanding common shares of Angus Gold as part of a plan of arrangement [4].