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African Gold Ltd. ( (AU:A1G) ) has issued an announcement.
African Gold Ltd. has completed court-approved schemes of arrangement under which all its shares have been transferred to Montage and all existing options have been cancelled in exchange for new Montage securities. Eligible shareholders received 0.0628 new Montage shares for each African Gold share, while optionholders received 0.0628 new Montage options per cancelled African Gold option.
New Montage shares that would otherwise have gone to ineligible foreign shareholders have been issued to a nominee for sale on the TSX, with net proceeds to be distributed to those investors. Trading in African Gold shares was suspended on 20 April 2026, and the company has applied for removal from the ASX official list, effectively ending its status as a standalone listed entity and consolidating ownership under Montage.
More about African Gold Ltd.
African Gold Ltd. is an Australian-listed gold exploration and development company, with its shares previously traded on the ASX under the ticker A1G. The company focuses on advancing gold assets in Africa, positioning itself within the broader precious metals exploration and mining sector.
Average Trading Volume: 2,373,107
Technical Sentiment Signal: Buy
Current Market Cap: A$592.2M
See more insights into A1G stock on TipRanks’ Stock Analysis page.