African Gold Secures Strategic Investment from Montage Gold

African Gold Ltd (ASX: A1G) has successfully completed a strategic alliance with Montage Gold Corp (TSX: MAU), resulting in a combined investment estimated at around AU$9.2 million. The deal includes a two-tranche share swap—where 2,026,388 Montage shares (valued at C$2.87 each) were exchanged for 92,377,787 African Gold shares (valued at AU$0.07 each)—and a separate non-brokered private placement of around AU$2.7 million. Tranche 1 concluded on April 7, 2025, and Tranche 2 was completed following shareholder approval on May 29, 2025. The entire allotment of African Gold shares issued to Montage is subject to a 12-month voluntary escrow. Post-investment, Montage Gold holds a 17.5% stake in African Gold, while African Gold retains Montage shares now worth AU$9.8 million. This partnership enhances financial strength and fosters strategic alignment between the two mining firms

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