Wesdome Gold Mines Completes Acquisition of Angus Gold
Wesdome Gold Mines (OTCQX: WDOFF) has successfully completed the acquisition of Angus Gold through a plan of arrangement, making Angus a wholly-owned subsidiary. Under the deal terms, former Angus shareholders received $0.62 in cash plus 0.0096 Wesdome shares for each Angus share held.
The strategic acquisition includes the Angus property adjacent to Wesdome's Eagle River Mine, representing a significant regional land package consolidation. The company aims to enhance its long-term growth potential through greenfield opportunities, with key Angus team members joining Wesdome to drive shareholder value.
Wesdome Gold Mines (OTCQX: WDOFF) ha completato con successo l'acquisizione di Angus Gold tramite un piano di riorganizzazione, rendendo Angus una controllata al 100%. Secondo i termini dell'accordo, gli ex azionisti di Angus hanno ricevuto 0,62 $ in contanti più 0,0096 azioni Wesdome per ogni azione Angus posseduta.
L'acquisizione strategica comprende la proprietà Angus adiacente alla miniera Eagle River di Wesdome, rappresentando una significativa consolidazione territoriale nella regione. L'azienda punta a incrementare il potenziale di crescita a lungo termine attraverso opportunità greenfield, con i membri chiave del team Angus che si uniscono a Wesdome per aumentare il valore per gli azionisti.
Wesdome Gold Mines (OTCQX: WDOFF) ha completado con éxito la adquisición de Angus Gold mediante un plan de reorganización, convirtiendo a Angus en una subsidiaria de propiedad total. Según los términos del acuerdo, los antiguos accionistas de Angus recibieron 0,62 $ en efectivo más 0,0096 acciones de Wesdome por cada acción de Angus que poseían.
La adquisición estratégica incluye la propiedad Angus adyacente a la mina Eagle River de Wesdome, representando una consolidación significativa del terreno regional. La compañía busca mejorar su potencial de crecimiento a largo plazo mediante oportunidades greenfield, con miembros clave del equipo de Angus que se unen a Wesdome para impulsar el valor para los accionistas.
Wesdome Gold Mines (OTCQX: WDOFF)가 Angus Gold를 인수합병 계획을 통해 성공적으로 인수하여 Angus를 완전 자회사로 만들었습니다. 거래 조건에 따라 기존 Angus 주주들은 보유한 Angus 주식 1주당 현금 0.62달러와 Wesdome 주식 0.0096주를 받았습니다.
이번 전략적 인수는 Wesdome의 Eagle River 광산 인접 지역에 위치한 Angus 부동산을 포함하며, 지역 내 토지 패키지 통합을 크게 강화합니다. 회사는 그린필드 기회를 통해 장기 성장 잠재력을 높이고자 하며, 주요 Angus 팀원들이 Wesdome에 합류해 주주 가치를 증대시킬 예정입니다.
Wesdome Gold Mines (OTCQX: WDOFF) a finalisé avec succès l'acquisition de Angus Gold via un plan d'arrangement, faisant d'Angus une filiale à part entière. Selon les termes de l'accord, les anciens actionnaires d'Angus ont reçu 0,62 $ en espèces plus 0,0096 actions Wesdome pour chaque action Angus détenue.
Cette acquisition stratégique comprend la propriété Angus adjacente à la mine Eagle River de Wesdome, représentant une consolidation significative du terrain régional. La société vise à renforcer son potentiel de croissance à long terme grâce à des opportunités greenfield, avec les membres clés de l'équipe Angus rejoignant Wesdome pour accroître la valeur pour les actionnaires.
Wesdome Gold Mines (OTCQX: WDOFF) hat die Übernahme von Angus Gold erfolgreich abgeschlossen und Angus zu einer hundertprozentigen Tochtergesellschaft gemacht. Gemäß den Bedingungen des Deals erhielten ehemalige Angus-Aktionäre für jede gehaltene Angus-Aktie 0,62 $ in bar plus 0,0096 Wesdome-Aktien.
Die strategische Übernahme umfasst das Angus-Grundstück, das an die Eagle River Mine von Wesdome angrenzt, und stellt eine bedeutende regionale Konsolidierung des Landpakets dar. Das Unternehmen zielt darauf ab, sein langfristiges Wachstumspotenzial durch Greenfield-Möglichkeiten zu steigern, wobei wichtige Mitglieder des Angus-Teams zu Wesdome wechseln, um den Aktionärswert zu erhöhen.
- None.
- Cash outflow and share dilution from acquisition payment
All amounts are expressed in Canadian dollars unless otherwise indicated
TORONTO, June 27, 2025 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF) (“Wesdome” or the “Company”) and Angus Gold Inc. (TSX-V: GUS, OTC: ANGVF) (“Angus”) are pleased to announce the successful acquisition by Wesdome of all of the issued and outstanding common shares of Angus not already owned by Wesdome pursuant to a plan of arrangement (the “Arrangement”). The Arrangement became effective as of today’s date, resulting in Angus becoming a wholly owned subsidiary of Wesdome. In accordance with the terms of the Arrangement, former Angus shareholders, excluding Wesdome, have received
“The acquisition of the prospective Angus property adjacent to our Eagle River Mine represents an exciting addition to our portfolio, enhancing our long-term growth potential through greenfield opportunities,” said Anthea Bath, President and Chief Executive Officer. “This regional land package consolidation supports our disciplined growth strategy, and we’re pleased to welcome key members of the Angus team as we work to unlock meaningful value for our shareholders.”
About Wesdome
Wesdome is a Canadian-focused gold producer with two high-grade underground assets, Eagle River in Northern Ontario and Kiena in Val-d’Or, Québec. The Company’s primary goal is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build a growing value-driven gold producer.
| Contacts | |
| Raj Gill | Trish Moran |
| Interim Chief Financial Officer | Vice President, Investor Relations |
| Phone: +1.416.360.3743 | Phone: +1.416.564.4290 |
| E-Mail: invest@wesdome.com | E-mail: trish.moran@wesdome.com |
Forward-Looking Statements
This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the future financial and operating performance of Wesdome and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Wesdome to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and Wesdome disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Forward-looking statements or information contained in this press release include, but are not limited to, statements or information with respect to: (i) expectations for the effects of the Arrangement or the ability of the combined company to successfully achieve business objectives, including integrating the companies or the effects of unexpected costs, liabilities or delays, (ii) the potential benefits and synergies of the Arrangement, and (iii) expectations for other economic, business, and/or competitive factors.
Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors including those risk factors discussed in the sections titled “Cautionary Note Regarding Forward Looking Information” and “Risks and Uncertainties” in Wesdome’s most recent Annual Information Form. Readers are urged to carefully review the detailed risk discussion in Wesdome’s most recent Annual Information Form which is available on SEDAR+ (www.sedarplus.ca).
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FAQ
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