SCHEDULE: Augusta Gold Acquired by AngloGold Ashanti for C$1.70/Share

Augusta Investments Inc. and Richard Warke report the disposition of all Augusta Gold Corp. shares following its acquisition by AngloGold Ashanti for C$1.70 per share.

Summary

• Augusta Investments Inc. and Richard Warke have disposed of all their beneficial ownership in Augusta Gold Corp. common stock.
• This Schedule 13D Amendment No. 20 serves as an exit report for the reporting persons, as they no longer hold any securities of the Issuer.
• The disposition of shares occurred due to the consummation of a merger on October 23, 2025.
• AngloGold Ashanti (U.S.A.) Holdings Inc. acquired all outstanding common shares of Augusta Gold Corp. (other than those owned by Parent and its affiliates).
• Shareholders received cash consideration of C$1.70 per share in the merger.
• All outstanding options to purchase common shares were either vested and cancelled for a cash payment equal to the difference between C$1.70 and the exercise price, or cancelled for their Black-Scholes Option Pricing Model value if the exercise price was equal to or greater than C$1.70.

Sentiment

Score: 7

Explanation: The consummation of the merger at a fixed cash price provides certainty and liquidity for shareholders, which is generally positive. The reporting persons have successfully exited their position.

Positives

• Shareholders of Augusta Gold Corp. received a definitive cash payment of C$1.70 per share, providing liquidity and a clear return on investment.
• The consummation of the merger provides certainty regarding the company's future and shareholder value.
• Outstanding stock options were monetized, ensuring option holders received value for their holdings.

Negatives

• Augusta Gold Corp. ceases to exist as an independent publicly traded entity following the acquisition.
• The reporting persons, Augusta Investments Inc. and Richard Warke, no longer hold any beneficial interest in Augusta Gold Corp.

Future Outlook

Augusta Gold Corp. has been acquired by AngloGold Ashanti (U.S.A.) Holdings Inc. and is no longer an independent publicly traded entity; therefore, no future outlook for the company is provided in this filing.

Industry Context

This acquisition reflects ongoing consolidation within the gold mining sector, where larger, established companies like AngloGold Ashanti acquire smaller entities to expand their resource base and operational footprint.

Stakeholder Impact

• Shareholders: Received C$1.70 cash per share, providing liquidity and a defined return on their investment.
• Augusta Gold Corp.: Ceased to be an independent public company, with its operations now integrated into AngloGold Ashanti.

Key Dates

Keywords

Augusta Gold Corp, AngloGold Ashanti, Merger, Acquisition, Gold Mining, Schedule 13D, Beneficial Ownership, Share Disposition, Cash Consideration