Augusta Gold Corp. Announces Acquisition by AngloGold Ashanti for C$1.70 Per Share

Reuters
16 Jul
<a href="https://laohu8.com/S/AUGG">Augusta Gold Corp.</a> Announces Acquisition by <a href="https://laohu8.com/S/AULGF">AngloGold Ashanti</a> for C$1.70 Per Share

Augusta Gold Corp. has announced a transaction whereby it will become an indirect wholly-owned subsidiary of AngloGold Ashanti. This move follows the unanimous approval by the Augusta Board, which recommends that stockholders approve and adopt the Agreement. The transaction is expected to close in the fourth quarter of 2025, contingent upon customary closing conditions and the approval of the majority of Augusta Gold's outstanding shares. Notably, all directors and certain executive officers of Augusta Gold, along with Augusta Investments Inc., collectively holding approximately 31.5% of the company's shares, have entered into voting support agreements in favor of the transaction. Upon completion, Augusta Gold's shares will no longer be publicly traded.

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. Augusta Gold Corp. published the original content used to generate this news brief via CNW (Ref. ID: C0074) on July 16, 2025, and is solely responsible for the information contained therein.

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