Montage Gold to Acquire Remaining Shares of African Gold

Reuters11-28

Montage Gold to Acquire Remaining Shares of <a href="https://laohu8.com/S/AGAC.WS">African Gold</a>

Montage Gold Corp. will acquire all outstanding shares of African Gold Ltd. that it does not already own, issuing 0.0628 Montage common shares for each African Gold share held. The transaction will result in the issuance of 27,685,392 Montage common shares to African Gold shareholders. All existing African Gold options will either be cancelled and exchanged for Montage options on similar terms, exercised into African Gold shares and acquired by Montage, or cancelled prior to completion. The deal is subject to customary conditions, including court approval, regulatory and third-party consents, and confirmation from an independent expert that the transaction is in the best interests of African Gold shareholders and optionholders. African Gold's CEO, Adam Oehlman, expressed confidence in Montage's ability to unlock value at the Didievi project and highlighted the benefits for stakeholders of both companies.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Montage Gold Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9593651-en) on November 28, 2025, and is solely responsible for the information contained therein.

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The transaction will result in the issuance of 27,685,392 Montage common shares to <a href=\"https://laohu8.com/S/AGAC.U\">African Gold</a> shareholders. All existing <a href=\"https://laohu8.com/S/AGACF\">African Gold</a> options will either be cancelled and exchanged for Montage options on similar terms, exercised into <a href=\"https://laohu8.com/S/AGACW\">African Gold</a> shares and acquired by Montage, or cancelled prior to completion. 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