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Allied Gold Announces Filing and Mailing of Management Information Circular in Connection with the Proposed Arrangement with Zijin Gold International
TORONTO, March 09, 2026 (GLOBE NEWSWIRE) -- Allied Gold Corporation (“Allied Gold” ...
About this update from Allied Gold Corporation
[{"type":"text","content":"Allied Gold Announces Filing and Mailing of Management Information Circular in Connection with the Proposed Arrangement with Zijin Gold International\nTORONTO, March 09, 2026 (GLOBE NEWSWIRE) -- Allied Gold Corporation (“Allied Gold” or the “Company”) (TSX: AAUC, NYSE: AAUC) is pleased to announce that it has filed and mailed its management information circular (the “Circular”) and related proxy materials (the “Meeting Materials”) for the special meeting of shareholders of Allied Gold (the “Meeting”) to be held in connection with the proposed plan of arrangement (the “Arrangement”) between the Company and Zijin Gold International Company Limited (“Zijin Gold”), as previously announced on January 26, 2026. The Meeting Materials have been filed under the Company’s profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov and are also available on the Company’s website at www.alliedgold.com. The Arrangement Under the terms of the Arrangement, Zijin Gold will acquire, subject to the favourable vote of shareholders relating to the Arrangement, all of the issued and outstanding common shares of Allied Gold from the shareholders of the Company for cash consideration of C$44.00 per share to be paid to shareholders, by way of a statutory plan of arrangement under the Business Corporations Act (Ontario). The Arrangement is expected to close by late April 2026, subject to shareholder approval and customary closing conditions, including certain regulatory approvals. Benefits of the Arrangement Immediate and significant premium of approximately 27% to the 30-day volume-weighted average share price on the TSX prior to the announcement of the transaction.Consideration represents an all-time high for Common Share price.All-cash offer that is not subject to a financing condition and that provides shareholders with immediate liquidity, crystallizing significant and certain value amid extreme volatility in gold prices, and reducing exposure to broader market volatility.Strong deal certainty with a highly credible and leading global mining company as purchaser with the financial resources necessary to complete the Arrangement and a demonstrated track record of completed transactions in Canadian capital markets.Offer eliminate...