January 19, 2024
Wesdome’s Acquisition of Stake in Ontario-focused Angus Gold
Wesdome’s Acquisition of Stake in Ontario-focused Angus Gold
Wesdome’s Strategic Move In a bold strategic move, Wesdome, the Toronto-headquartered gold producer, has acquired a 10.6% stake in Angus Gold, an Ontario-focused mining company. This acquisition establishes Wesdome as a significant stakeholder in Angus Gold, reinforcing its commitment to the region’s mining activities. Joint Elite Ownership Wesdome now joins forces with two other distinguished shareholders in Angus Gold. Delbrook Capital Advisors and New Gold (TSX: NGD) possess 16.4% and 9.9% equity ownerships, respectively. This union of elite stakeholders augurs well for the future prospects of Angus Gold. Capital Infusion and Utilization Angus Gold is set to receive approximately C$4.64