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Augusta Gold Corp. (TSX: G) (OTCQB: AUGG) (“Augusta Gold” or the “Firm”) is happy to announce the profitable completion of the beforehand introduced Merger (as outlined beneath) which resulted within the acquisition of Augusta Gold by AngloGold Ashanti plc (NYSE: AU) (JSE: ANG) (“AngloGold Ashanti”). Pursuant to that sure Settlement and Plan of Merger, dated as of July 15, 2025 (as amended every now and then, the “Merger Settlement”) by and amongst Augusta Gold, AngloGold Ashanti (U.S.A.) Holdings Inc., a Delaware company (“Mum or dad”), Exploration Inc., a Nevada company and a wholly-owned subsidiary of Mum or dad (“Merger Sub”), and joined by AngloGold Ashanti Holdings plc, a public restricted firm current beneath the legal guidelines of the Isle of Man (“HoldCo”), for the restricted functions specified within the Merger Settlement, Mum or dad, Merger Sub and Augusta Gold effected a merger of Merger Sub with and into Augusta Gold (the “Merger”), with Augusta Gold surviving the Merger as a wholly-owned subsidiary of Mum or dad. Mum or dad and Merger Sub are oblique wholly-owned subsidiaries of AngloGold Ashanti and HoldCo is a direct wholly-owned subsidiary of AngloGold Ashanti.
As beforehand introduced, the Merger was permitted by Augusta Gold stockholders at a particular assembly held on October 20, 2025. Below the phrases of the Merger, stockholders of Augusta Gold will obtain C$1.70 in money per share of frequent inventory of Augusta Gold (the “Widespread Shares“) (the “Merger Consideration“). Augusta Gold stockholders who maintain their Widespread Shares in useful kind will robotically have such Widespread Shares exchanged for the Merger Consideration shortly following closing of the Merger. Augusta Gold stockholders who maintain their Widespread Shares in registered kind might want to full the type of letter of transmittal for the Merger (the “Letter of Transmittal“), and return the Letter of Transmittal and certificates(s) or DRS Recommendation(s) for his or her Widespread Shares to Computershare Belief Firm of Canada in accordance with the directions within the Letter of Transmittal. The type of Letter of Transmittal shall be mailed to registered Augusta Gold stockholders inside 5 enterprise days of closing of the Merger. The type of Letter of Transmittal can even be obtainable on the Firm’s web site at www.augustagold.com and on Augusta Gold’s profile on each SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov.
As beforehand introduced, Augusta Gold expects the Widespread Shares to be delisted from the Toronto Inventory Change (“TSX“) and to stop to be quoted on the OTCQB. Augusta Gold has made an utility to the related securities regulatory authorities in Canada to stop to be a reporting issuer in every of the provinces and territories of Canada through which it’s a reporting issuer, and assuming receipt of an order granted beneath Canadian securities legal guidelines that it has ceased to be a reporting issuer, will now not be topic to the disclosure necessities of a reporting issuer beneath Canadian securities legal guidelines. Augusta Gold intends to file a Kind 15 with the U.S. Securities and Change Fee (the “SEC“) to terminate the registration of the Augusta Gold Shares beneath the U.S. Securities Change Act of 1934, as amended (the “U.S. Change Act“) and to droop its reporting obligations beneath the U.S. Change Act. Augusta Gold expects that its obligation to file studies with the SEC shall be suspended instantly upon the submitting of the Kind 15. Augusta Gold reserves the best to delay the submitting of the Kind 15 or withdraw it for any purpose previous to its effectiveness.
Additional info relating to the Merger is out there within the definitive proxy assertion/administration info round of Augusta Gold dated September 17, 2025, which is out there on Augusta Gold’s profile on each SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov.
About Augusta Gold
Augusta Gold is an exploration and improvement firm centered on its Reward and Bullfrog gold tasks situated within the prolific Bullfrog mining district roughly 120 miles north-west of Las Vegas, Nevada and simply exterior of Beatty, Nevada.
Ahead-Trying Statements
Sure statements and knowledge contained on this information launch represent “forward-looking statements”, and “forward-looking info” throughout the which means of relevant securities legal guidelines (collectively, “forward-looking statements“). These statements seem in quite a lot of locations on this information launch and embrace statements relating to our intent, or the beliefs or present expectations of our officers and administrators. When used on this information launch phrases corresponding to “to be”, “will”, “deliberate”, “anticipated”, “potential”, “anticipated” and related expressions are supposed to determine these forward-looking statements. Though the Firm believes that the expectations mirrored in such forward-looking statements and/or info are cheap, undue reliance shouldn’t be positioned on forward-looking statements because the Firm may give no assurance that such expectations will show to be right. These statements contain recognized and unknown dangers, uncertainties and different components which will trigger precise outcomes or occasions to range materially from these anticipated in such forward-looking statements, together with the dangers, uncertainties and different components recognized within the Firm’s periodic filings with Canadian securities regulators and the SEC. Such forward-looking statements are based mostly on varied assumptions, together with assumptions made with regard to basic enterprise and financial situations and metals costs. Whereas the Firm considers these assumptions to be cheap, based mostly on info presently obtainable, they could show to be incorrect. Besides as required by relevant regulation, we assume no obligation to replace or to publicly announce the outcomes of any change to any forward-looking assertion contained herein to mirror precise outcomes, future occasions or developments, adjustments in assumptions or adjustments in different components affecting the forward- trying statements. If we replace any a number of forward-looking statements, no inference needs to be drawn that we’ll make further updates with respect to these or different forward-looking statements. You shouldn’t place undue significance on forward-looking statements and shouldn’t depend upon these statements as of some other date. All forward-looking statements contained on this information launch are expressly certified of their entirety by this cautionary assertion.
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SOURCE Augusta Gold Corp.
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