Wesdome Gold Mines Acquires Angus Gold
Deal News | Jun 27, 2025 | Globenewswire
Wesdome Gold Mines Ltd. has successfully completed the acquisition of Angus Gold Inc., according to a press release. The acquisition, which involved Wesdome acquiring all Angus shares not previously owned by it, was executed under a plan of arrangement. With this acquisition, Angus has become a wholly owned subsidiary of Wesdome. Angus shareholders, apart from Wesdome, received $0.62 in cash and 0.0096 of a Wesdome share for each Angus share held. Wesdome's President and CEO, Anthea Bath, stated that the acquisition strategically consolidates regional land holdings near Wesdome's Eagle River Mine, expanding greenfield opportunities and aligning with their long-term growth goals. The deal also aims to integrate key team members from Angus into Wesdome. Wesdome is known as a Canadian-focused gold producer, owning high-grade underground assets in Northern Ontario and Quebec.
Sectors
- Mining
- Financial Services
Geography
- Canada – Both Wesdome Gold Mines and Angus Gold are Canadian companies, focused on mining operations in Northern Ontario and Quebec.
Industry
- Mining – The acquisition involves two companies in the gold mining sector, with emphasis on underground and greenfield exploration.
- Financial Services – The transaction involves financial considerations such as share exchanges and strategic asset purchases.
Financials
- 0.62 – Cash per Angus share provided in the acquisition arrangement.
- 0.0096 – Wesdome shares per Angus share provided in the acquisition arrangement.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Wesdome Gold Mines Ltd. | Bidding Company/Buyer | Company | A Canadian-focused gold producer with high-grade underground assets and an active exploration pipeline. |
| Angus Gold Inc. | Target Company | Company | A mining company that was acquired by Wesdome, bringing valuable assets adjacent to Wesdome's existing operations. |