Allied Gold Corporation Announces Share Consolidation Ahead of NYSE Listing Plans

Allied Gold Corporation (TSX: AAUC) (OTCQX: AAUCF), a focused gold producer based in Canada, has recently made a significant announcement regarding its shares. On May 8, 2025, the company received approval from shareholders at its Annual General and Special Meeting to consolidate its common shares. Specifically, the plan is to implement a consolidation of one post-Consolidation share for every three pre-Consolidation shares held by shareholders.

This strategic move is directly linked to Allied Gold's aspirations to list its common shares on the New York Stock Exchange (NYSE). The company aims to begin trading on the NYSE by mid-June 2025, subject to the approval of the listing application and meeting all applicable regulatory requirements. As part of this initiative, the Toronto Stock Exchange has conditionally approved the consolidation, which will take effect on May 19, 2025.

Details of the Share Consolidation

In practical terms, the consolidation means that shareholders will see a reduction in the number of shares they hold, but the total value of their investment should remain unchanged since the price per share will increase in line with the consolidation ratio. This is being done to enhance the company's profile and appeal to a broader audience of both institutional and retail investors, facilitating future capital raises and improving the trading liquidity of the shares.

Upon successful implementation, Allied Gold expects that approximately 115,379,216 common shares will be issued and outstanding. Furthermore, shareholders who have their pre-Consolidation shares in certificate form will receive a letter with instructions for exchanging their shares, while those with electronic holdings will automatically receive their new shares directly.

Future Prospects and Goals

Allied Gold operates a portfolio that includes three producing assets and development projects located across Côte d'Ivoire, Mali, and Ethiopia. The management team is composed of experienced mining executives committed to creating value and growing the company into a mid-tier, next-generation gold producer in Africa. Ultimately, the goal is to establish Allied Gold as a leading senior global gold producer.

The listing on the NYSE is expected to amplify the company's market visibility and broaden its funding options, allowing for enhanced research coverage and encouraging broader index inclusion.

In conclusion, Allied Gold's decision to consolidate shares underscores its strategic approach to strengthening its capital structure and positioning itself for significant growth within the competitive gold market. With anticipated benefits that include increased marketability and improved trading dynamics, this consolidation represents a pivotal step for the company's future endeavors. Interested investors and stakeholders are advised to stay updated with further developments surrounding this significant move towards global market participation.

Forward-Looking Statements

As with any projected plans, forward-looking statements are subject to risks and uncertainties. Management has stated that the future outlook depends heavily on the timing of regulatory approvals and the overall market environment, and it cautions investors to consider these factors when engaging with the company’s stock. update on availability and resources may impact the anticipated benefits of the consolidation and NYSE listing.