GlobeNewswire·Mar 9, 2026, 5:00 PM ET

Allied Gold Announces Filing and Mailing of Management Information Circular in Connection with the Proposed Arrangement with Zijin Gold International

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Allied Gold Corporation has filed its management information circular & proxy materials for a special shareholder meeting regarding a proposed plan of arrangement with Zijin Gold International Company Limited.
Under the arrangement, Zijin Gold will acquire all issued & outstanding common shares of Allied Gold for an all-cash consideration of C$44.00 per share.
The transaction offers an immediate premium of approximately 27% to the 30-day volume-weighted average share price on the TSX prior to the announcement.
Allied Gold's Board of Directors unanimously recommends that shareholders vote FOR the Arrangement, citing a fairness opinion from Scotia Capital Inc.
Directors & officers representing approximately 15.4% of outstanding shares have signed voting support agreements to vote in favor of the deal.
The special meeting is scheduled for Tuesday, March 31, 2026, at 11:00 a.m. (Toronto time) at St. Andrew's Lounge in Toronto.
Shareholders of record as of the close of business on February 23, 2026, are eligible to vote their shares.
Approval requires a 66⅔% majority of votes cast by shareholders present or represented by proxy, plus a simple majority of disinterested shareholders excluding 16,585,404 shares held by directors & officers.
The deadline for proxy receipt is 11:00 a.m. (Toronto time) on March 27, 2026.
The Arrangement is expected to close by late April 2026, subject to shareholder approval & customary regulatory conditions.
The deal eliminates risks associated with the development & expansion of Allied's mining assets while providing shareholders with immediate liquidity.