InvestSMART

African Gold Limited (ASX:A1G)

ALERT: Price-sensitive ASX Announcement for A1G
Current share price for A1G : $1.040 0.05 (5.05%)+
Announcement
Release
13 Apr 2026 1:45PM
Price at Release
$0.990
Full Release
download
Summary
African Gold Limited announced the results of its scheme meetings, where shareholders and optionholders voted in favor of the proposed schemes of arrangement with Montage Gold Corp. These schemes include a share scheme and an option scheme, facilitating Montage's acquisition of 100% of African Gold's shares. The voting results showed overwhelming support, with 99.99% of shares cast in favor of the share scheme. The schemes now await the approval of the Supreme Court of Western Australia and other customary conditions. If approved, African Gold shares will cease trading on the ASX, and the acquisition will be implemented by the end of April 2026.
Key Points
  • Shareholders voted in favor of the scheme with 99.99% approval
  • Optionholders also unanimously approved the option scheme
  • Supreme Court of Western Australia to approve the schemes on 17 April 2026
  • Effective date expected on 20 April 2026
  • Implementation date set for 29 April 2026
  • Montage to acquire 100% of African Gold shares
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.