Augusta Gold Corp. (TSX: G, OTCQB: AUGG) announced on October 23, 2025 that the merger with AngloGold Ashanti plc (NYSE: AU) has closed, completing the acquisition of all outstanding shares at C$1.70 in cash per share. The transaction, which was approved by Augusta Gold stockholders on October 20, 2025, values the company at approximately C$197 million and will make Augusta Gold a wholly‑owned subsidiary of AngloGold Ashanti. The deal resolves Augusta Gold’s working‑capital deficiency and accumulated deficit, providing a definitive exit for shareholders and eliminating the company’s reporting obligations on the TSX and OTCQB.
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