All amounts are expressed in Canadian dollars unless otherwise indicated
TORONTO, June 27, 2025 (GLOBE NEWSWIRE) 鈥 Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF) (鈥淲esdome鈥 or the 鈥淐ompany鈥) and Angus Gold Inc. (TSX-V: GUS, OTC: ANGVF) (鈥淎ngus鈥) are pleased to announce the successful acquisition by Wesdome of all of the issued and outstanding common shares of Angus not already owned by Wesdome pursuant to a plan of arrangement (the 鈥淎rrangement鈥). The Arrangement became effective as of today鈥檚 date, resulting in Angus becoming a wholly owned subsidiary of Wesdome. In accordance with the terms of the Arrangement, former Angus shareholders, excluding Wesdome, have received $0.62 in cash plus 0.0096 of a Wesdome share for each Angus common share previously held.
鈥淭he acquisition of the prospective Angus property adjacent to our Eagle River Mine represents an exciting addition to our portfolio, enhancing our long-term growth potential through greenfield opportunities,鈥 said Anthea Bath, President and Chief Executive Officer. 鈥淭his regional land package consolidation supports our disciplined growth strategy, and we鈥檙e pleased to welcome key members of the Angus team as we work to unlock meaningful value for our shareholders.鈥
About Wesdome
Wesdome is a Canadian-focused gold producer with two high-grade underground assets, Eagle River in Northern Ontario and Kiena in Val-d鈥橭r, Qu茅bec. The Company鈥檚 primary goal is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build a growing value-driven gold producer.
Forward-Looking Statements
This news release contains 鈥渇orward-looking information鈥 which may include, but is not limited to, statements with respect to the future financial and operating performance of Wesdome and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as 鈥減lans鈥, 鈥渆xpects鈥, 鈥渋s expected鈥, 鈥渂udget鈥, 鈥渟cheduled鈥, 鈥渆stimates鈥, 鈥渇orecasts鈥, 鈥渋ntends鈥, 鈥渁nticipates鈥, or 鈥渂elieves鈥 or variations (including negative variations) of such words and phrases, or state that certain actions, events or results 鈥渕ay鈥, 鈥渃ould鈥, 鈥渨ould鈥, 鈥渕ight鈥 or 鈥渨ill鈥 be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Wesdome to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and Wesdome disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Forward-looking statements or information contained in this press release include, but are not limited to, statements or information with respect to: (i) expectations for the effects of the Arrangement or the ability of the combined company to successfully achieve business objectives, including integrating the companies or the effects of unexpected costs, liabilities or delays, (ii) the potential benefits and synergies of the Arrangement, and (iii) expectations for other economic, business, and/or competitive factors.
Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors including those risk factors discussed in the sections titled 鈥淐autionary Note Regarding Forward Looking Information鈥 and 鈥淩isks and Uncertainties鈥 in Wesdome鈥檚 most recent Annual Information Form. Readers are urged to carefully review the detailed risk discussion in Wesdome鈥檚 most recent Annual Information Form which is available on SEDAR+ (www.sedarplus.ca).
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