Saturday, August 2, 2025

Latest

Wesdome Sees Angus Gold Shareholders Approve Of Acquisition

Wesdome Gold Mines (TSX: WDO) has managed to secure shareholder approval from Angus Gold (TSXV: GUS) shareholders to proceed with the purchase of the gold explorer.

Angus declared this morning that 99.8% of the votes cast at the special meeting of shareholders approved of the transaction.

Under the terms of the deal, Angus Gold investors are set to receive consideration of $0.77 per share of Angus Gold they hold. Consideration is to consist of $0.62 in cash and 0.0096 of a Wesdome Gold share for each share of Angus Gold, which represents an enterprise value of approximately $40 million.

WATCH: Wesdome Gold Acquires Angus Gold: The Closeology Strategy

The acquisition will see Wesdome consolidate the Eagle River region under a single banner. Angus currently holds land claims adjacent to Wesdome’s Eagle River project, while also encompassing the Mishi open pit mine.

The transaction is now expected to close on June 27.

Wesdome Gold last traded at $19.42 on the TSX.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why Gold’s Bull Run May Just Be Getting Started! | Peter Grandich

Tariffs Spark New Race for Critical Metals | Rob McEwen

Antimony Resources: The Bald Hill Project

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Wesdome Reports Q2 Gold Production Of 42,781 Ounces

Wesdome Gold (TSX: WDO) saw production decline slightly in the second quarter on a year...

Monday, July 14, 2025, 08:34:33 AM

Wesdome Sells Moss Lake Property To Goldshore Resources For $57 Million

Wesdome Mines (TSX: WDO) has elected to monetize its Moss Lake Project located in Ontario....

Tuesday, January 26, 2021, 08:59:26 AM

Wesdome Gold Q1 Earnings: Cash Flow Is King!

There’s few names in this space that have what we would call – in the...

Sunday, June 1, 2025, 02:30:00 PM

Wesdome Gold To Acquire Angus Gold For 59% Premium In Cash And Stock

Further consolidation is set to take place in the gold sector, with Wesdome Gold (TSX:...

Monday, April 7, 2025, 08:47:02 AM

Wesdome Gold Acquires Angus Gold: The Closeology Strategy

There’s a term used in junior mining that most people outside of the sector have...

Saturday, April 12, 2025, 01:25:00 PM