Business
Montage Gold completes the acquisition of African Gold
VANCOUVER, British Columbia, April 29, 2026 (GLOBE NEWSWIRE) -- Montage Gold Corp. (“Montage” or the “Company”) (TSX: MAU, OTCQX: MAUTF) is pleased to
About this update from Montage Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, April 29, 2026 (GLOBE NEWSWIRE) -- Montage Gold Corp. (“Montage” or the “Company”) (TSX: MAU, OTCQX: MAUTF) is pleased to announce the successful completion of the acquisition of African Gold Limited (“African Gold”)(ASX:A1G), as previously announced on November 28, 2025. The transaction adds the high-quality resource-stage Didievi project, in Côte d’Ivoire, to Montage’s portfolio and strengthens its footprint in a country where it has established a strong presence through its ongoing build of its Koné project, which remains on-budget and ahead of schedule with first gold pour targeted in late Q4-2026. Pursuant to the transaction, African Gold has become a wholly-owned subsidiary of Montage. Eligible African Gold shareholders have now been issued 0.0628 new Montage shares for each African Gold share. Shares that ineligible African Gold shareholders would have otherwise been entitled to receive have been issued to a nominee who has been appointed to sell those Montage shares on the TSX so that the net proceeds of sale can be distributed to such ineligible shareholders in accordance with the process set out in the Scheme Booklet filed by African Gold. The acquisition results in the issuance of 29,957,800 Montage Shares, with Montage now having a total of 402,875,311 Montage ordinary shares outstanding. All of the outstanding options in African Gold have been cancelled and African Gold optionholders have now been issued 0.0628 new Montage options for each African Gold option held on substantially the same economic terms. The acquisition results in the issuance of 2,951,600 Montage options. ABOUT MONTAGE GOLD Montage Gold Corp. (TSX: MAU) is a Canadian-listed company focused on becoming a premier African gold producer, with its flagship Koné project, located in Côte d’Ivoire, at the forefront. Based on the Updated Feasibility Study published in 2024 (the “UFS”), the Koné project has an estimated 16-year mine life and sizeable annual production of +300koz of gold over the first 8 years and is expected to enter production in late Q4-2026. QUALIFIED PERSONS STATEMENT The scientific and technical contents of this press release have been verified and approved by Mr. Peder Olsen, a Qualified Person pursuant to NI 43-101. Mr. Olsen, President and Chief Development Officer of Montage, is a registered Fellow of ...