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African Gold Ltd. ( (AU:A1G) ) has shared an announcement.
African Gold Limited has secured a waiver from ASX Listing Rule 6.23.2 that allows it to cancel certain existing options without seeking shareholder approval, as part of its proposed acquisition by Montage Gold Corp via schemes of arrangement. Under the waiver, unquoted Scheme Options in African Gold will be cancelled in exchange for new options in Montage on substantially similar terms, while remaining Non-Scheme Options with a $0.05 exercise price and 6 December 2026 expiry will be cancelled for cash, subject to the schemes becoming effective and option holders not exercising their rights before the record date, thereby facilitating compliance with the Scheme Implementation Deed and smoothing the transaction’s completion process for stakeholders.
More about African Gold Ltd.
African Gold Limited is an Australia-based gold exploration and development company listed on the ASX under the code A1G. The company focuses on advancing its portfolio of gold assets, and is currently the subject of an agreed acquisition by Canadian-listed Montage Gold Corp, which is seeking to acquire all of African Gold’s fully paid ordinary shares.
Average Trading Volume: 2,308,391
Technical Sentiment Signal: Buy
Current Market Cap: A$306.6M
See more data about A1G stock on TipRanks’ Stock Analysis page.