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AusGold Limited (ASX:AUC)

ALERT: Price-sensitive ASX Announcement for AUC
Current share price for AUC : $1.280 0.215 (20.19%)+
Announcement
Release
17 Aug 2026 5:37PM
Price at Release
$1.065
Full Release
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Summary
OceanaGold Corporation, through its Australian subsidiary, has agreed to acquire Ausgold Limited via a scheme of arrangement. Under the scheme, Ausgold shareholders will receive OceanaGold shares or may opt for a cash alternative, with the transaction valuing Ausgold at approximately A$776 million. Upon completion, Ausgold shareholders will hold up to approximately 7.9% of OceanaGold. This acquisition will add the Katanning Gold Project to OceanaGold's portfolio, enhancing its production growth and leveraging OceanaGold's operational expertise. The transaction, subject to various approvals, is unanimously supported by the Ausgold Board.
Key Points
  • OceanaGold to acquire Ausgold via scheme of arrangement.
  • Ausgold valued at A$776 million.
  • Ausgold shareholders can choose shares or cash alternative.
  • Transaction enhances OceanaGold's production growth.
  • Katanning Gold Project added to OceanaGold's portfolio.
  • Ausgold shareholders to own up to 7.9% of OceanaGold.
  • Unanimous support from the Ausgold Board.
  • Subject to regulatory and shareholder approvals.
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.