Allied GOLD Announces Share Consolidation IN Connection with Intention to List ON the New York Stock Exchange
NEWS RELEASE
ALLIED GOLD ANNOUNCES SHARE CONSOLIDATION IN CONNECTION WITH INTENTION TO LIST ON THE NEW YORK
STOCK EXCHANGE
TORONTO, ON – May 8, 2025 – Allied Gold Corporation (TSX: AAUC, OTCQX: AAUCF) (“Allied” or the “Company”)
announces that, following the requisite approval of the Company’s shareholders at the 2025 Annual General and
Special Meeting of Shareholders held earlier today, the Company’s board of directors has approved the consolidation
(the “Consolidation”) of the Company’s issued and outstanding common shares (the “Common Shares”) on the basis
of one (1) post-Consolidation Common Share for every three (3) pre-Consolidation Common Shares held. The
Consolidation is being implemented in connection with the Company’s application to list its Common Shares on the
New York Stock Exchange (the “NYSE”).
Subject to the review and approval of the Company’s listing application and satisfaction of all applicable listing and
regulatory requirements, the Company expects that the Common Shares will commence trading on the NYSE by mid-
June 2025.
Share Consolidation
The Toronto Stock Exchange (the “TSX”) has conditionally approved the Consolidation, which is expected to become
effective on May 19, 2025 (the “Effective Date”), with the post-Consolidation Common Shares to commence trading
on the TSX at market open on or about May 22, 2025, subject to final confirmation from the TSX. No fractional post-
Consolidation Common Shares will be issued in connection with the Consolidation. Any fractional post-Consolidation
Common Share arising from the Consolidation will be deemed to have been tendered by its registered owner to the
Company for cancellation and no consideration. The exercise or conversion price and/or the number of Common
Shares is suable under the Company’s outstanding convertible securities will be proportionately adjusted in
connection with the Consolidation, in accordance with the terms of such convertible securities.
Upon completion of the Consolidation, the post -Consolidation Common Shares will continue to trade on the TSX
under the stock symbol “AAUC” under a new CUSIP: 01921D204 and new ISIN: CA01921D2041.
Registered shareholders of the Company holding their pre -Consolidation Common Shares in certificate form will
receive a letter of transmittal from the Company’s transfer agent, providing instructions for the exchange of their
pre-Consolidation Common Shares as soon as practicable following the Effective Date. Until surrendered, each share
certificate representing pre-Consolidation Common Shares will represent the number of whole post-Consolidation
Common Shares to which the holder is entitled as a result of the Consolidation. Registered shareholders of the
Company holding their pre-Consolidation Common Shares in uncertificated book entry form, or DRS advice form, as
of the Effective Date are not required to take any action to obtain their post-Consolidation Common Shares, and
such shareholders will receive DRS advices representing their post-Consolidation Common Shares automatically
within three business days after the Effective Date with no requirement to complete the letter of transmittal. No
action is required by beneficial shareholders of the Company to receive post -Consolidation Common Shares in
connection with the Consolidation . Beneficial shareholders who hold their pre -Consolidation Common Shares
through intermediaries (e.g., a broker, bank, trust company investment dealer or other financial institution) and who
have questions regarding how their Common Shares will be processed in connection with the Consolidation should
contact their intermediaries.
As of the date of this news release, the Company has 346,137,648 Common Shares issued and outstanding. Following
completion of the Consolidation on the Effective Date, the Company is expected to have approximately 115,379,216
Common Shares issued and outstanding, subject to rounding.
NEWS RELEASE
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About Allied Gold Corporation
Allied Gold is a Canadian-based gold producer with a significant growth profile and mineral endowment. It operates
a portfolio of three producing assets and development projects located in Côte d'Ivoire, Mali, and Ethiopia. Led by a
team of mining executives with operational and development experience and proven success in creating value, Allied
Gold aspires to become a mid -tier, next-generation gold producer in Africa and, ultimately, a leading senior global
gold producer .
For further information, please contact:
Allied Gold Corporation
Royal Bank Plaza, North Tower
200 Bay Street, Suite 2200
Toronto, Ontario M5J 2J3 Canada
Email: [email protected]
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION AND STATEMENTS
This press release contains “forward -looking information” under applicable Canadian securities legislation. Except
for statements of historical fact relating to the Company, information contained herein constitutes forward-looking
information, including, b ut not limited to, the Company’s statements relating to the expected timing for the
Consolidation being effective and for the commencement of trading of the Common Shares on the TSX on a post -
Consolidation basis , when shareholders will receive their DRS advices representing their post -Consolidation
Common Shares, and the listing and trading of the Company’s post-Consolidation Common Shares on the NYSE; the
NYSE listing providing the Company with a broader institutional and retail investor audi ence, increased sources of
capital, improved trading liquidity, increased research coverage, enhanced market ability of the Common Shares,
broader index inclusion, among other benefits; and the Company’s aspiration to become a mid-tier, next-generation
gold producer in Africa and/ultimately, a leading senior global gold producer. Forward-looking statements are
characterized by words such as “may”, “plan”, “expect”, “intend”, “believe”, “anticipate” and other similar words or
negative versions thereof, or statements that certain events or conditions “may”, “will”, “should”, “would” or “could”
occur . Forward-looking information is based on the opinions, assumptions and estimates of management considered
reasonable at the date the statements are made, and is inherently subject to a variety of risks and uncertainties and
other known and unknown factors that could cause actual events or results to differ materially from those projected
in the forward-looking information, including uncertainties related to, without limitation, the timing of receipt of all
final TSX and NYSE regulatory approvals for listing and trading, on a post -Consolidation basis, unexpected results
from the Consolidation and the listing on NYSE not aligning with the Company’s current expected benefits thereof,
changes in general economic, business and political conditions, including changes in the financial markets. Although
the Company has attempted to identify important factors that could cause actual actions, events or results to differ
materially from those described in forward-looking information, there may be other factors that could cause actions,
events or results to not be as anticipated, estimated or intended. There can be no assurance that forward -looking
information will prove to be accurate, as actual results and futur e events could differ materially from those
anticipated in such statements. The Company undertakes no obligation to update forward -looking information if
circumstances or management’s estimates, assumptions or opinions should change, except as required by applicable
law. The reader is cautioned not to place undue reliance on forward -looking information. The forward -looking
information contained herein is presented for the purpose of assisting investors in understanding the Company’s
plans in connection with the Consolidation and listing of the Common Shares on the NYSE and may not be
appropriate for other purposes.