Augusta Gold has officially completed a previously announced merger, resulting in its acquisition by AngloGold Ashanti.
The merger means Augusta Gold is now an indirect, wholly owned subsidiary of AngloGold Ashanti’s US-based holdings.
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The merger was executed following an agreement that outlined the terms and conditions, which received approval from Augusta Gold stockholders during a special meeting on 20 October 2025.
The agreement included payment of C$1.70 in cash to Augusta Gold stockholders for each common share they hold.
For stockholders holding their shares in beneficial form, the exchange for the merger consideration will be processed automatically post-closing.
Shareholders with registered shares are required to complete and return the letter of transmittal along with their share certificates to the Computershare Trust Company of Canada in order to receive the merger consideration.
The letter of transmittal will be distributed to registered stockholders within five business days after the merger’s closing.
In line with the merger’s completion, Augusta Gold has begun the procedure to delist its common shares from the Toronto Stock Exchange and cease quotations on the OTCQB.
Additionally, the company has applied to Canadian regulatory authorities to terminate its status as a reporting issuer in Canada, thereby concluding its obligations under Canadian securities laws.
Augusta Gold plans to file a Form 15 with the US Securities and Exchange Commission (SEC) to terminate the registration of its shares under the US Securities Exchange Act and suspend its reporting obligations.
The suspension of SEC reporting duties is expected to take effect immediately upon filing the Form 15.
However, Augusta Gold reserves the right to postpone or retract the filing before it becomes effective.
Augusta Gold, an exploration and development company, is focused on the Reward and Bullfrog gold projects in the Bullfrog mining district of Nevada.
In July, AngloGold Ashanti completed the sale of its entire stake in Canada’s G2 Goldfields.
