Business
Montage Gold announces the acquisition of African Gold
HIGHLIGHTS: Montage strengthens its presence in Côte d’Ivoire and builds a ...
About this update from Montage Gold Corp.
[{"type":"text","content":"Montage Gold announces the acquisition of African Gold\n\n\n\n\n HIGHLIGHTS:\n \n\n\n\n\n Montage strengthens its presence in Côte d’Ivoire and builds a project pipeline with the addition of African Gold’s (ASX: A1G) high-quality resource-stage Didievi project, which already hosts an Inferred Resource of 12.4Mt at 2.5 g/t Au containing 989,000 ounces of gold\n \n\n\n 1\n \n\n\n\n\n As operator of the Didievi project and current 17.3% shareholder of African Gold, Montage has gained a significant understanding of the project’s exploration upside and potential to become a standalone operation\n \n\n\n\n Ability to leverage Montage’s established exploration, permitting and construction expertise to rapidly unlock value at the Didievi project\n \n\n\n\n Exchange ratio of 0.0628 is based on a share price of A$0.50/sh for African Gold, which represents a 54% premium to the 10-day VWAP for African Gold\n \n\n\n\n Existing African Gold shareholders, excluding Montage, will own approximately 7.8% of the combined company on a fully-diluted in-the-money basis\n \n\n\n\n The implied fully diluted equity value purchased by Montage is approximately US$170 million\n \n\n\n\n\n\n VANCOUVER, British Columbia, Nov. 28, 2025 (GLOBE NEWSWIRE) -- November 28, 2025 —\n \n Montage Gold Corp. (“Montage”, \"Montage Gold\" or the “Company”)\n \n (TSX: MAU, OTCQX: MAUTF) is pleased to announce that it has entered into a binding Scheme Implementation Deed (“SID”) with African Gold Limited (ASX: A1G) (\"African Gold\") pursuant to which Montage will acquire all of the issued share capital of African Gold that it does not already own, by way of an Australian court-approved Scheme of Arrangement (the “Transaction”), subject to the satisfaction of various conditions. The Transaction adds the high-quality resource-stage Didievi project in Côte d’Ivoire to Montage’s portfolio and strengthens its footprint in the country, where it has established a strong presence through its ongoing build of its Koné project, which remains on-budget and well on schedule.\n \n\n Following its strategic partnership with African Gold, as announced on March 24, 2025, Montage became the operator of the Didievi project which has allowed the Company to gain a strong un...