Form 4: Augusta Gold Executive Disposes Shares Post-Merger

Purni Parikh, SVP Corporate Affairs and Corporate Secretary of Augusta Gold Corp., reported the disposal of common shares and stock options following the company's acquisition by AngloGold Ashanti.

Summary

• Purni Parikh, SVP Corporate Affairs and Corporate Secretary of Augusta Gold Corp., reported the disposal of securities on October 23, 2025.
• The disposal was a direct result of the Agreement and Plan of Merger, dated July 15, 2025, with AngloGold Ashanti (U.S.A.) Holdings Inc.
• AngloGold Ashanti acquired all outstanding common shares of Augusta Gold Corp. for a cash consideration of C$1.70 per share.
• Ms. Parikh disposed of 216,667 common shares held directly and 19,800 common shares held indirectly by her spouse.
• She also disposed of 375,000 employee stock options with an exercise price of $0.80 (converted from C$1.11) and 400,000 employee stock options with an exercise price of $1.55 (converted from C$2.00).
• All outstanding options were deemed unconditionally vested and cancelled in exchange for a cash payment equal to the difference between the C$1.70 per share consideration and the option's exercise price, less applicable withholdings.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as the merger successfully closed, providing liquidity to shareholders and option holders at a predetermined price. While the company ceases to exist independently, the transaction itself was executed as planned, which is a positive outcome for the involved parties.

Positives

• Shareholders received a definitive cash consideration of C$1.70 per share for their common shares, providing a clear exit value.
• Employee stock options were fully vested and cashed out, providing liquidity and financial benefit to option holders.

Negatives

• Augusta Gold Corp. ceased to be an independent publicly traded entity following the consummation of the merger.

Future Outlook

The filing reports the consummation of a merger, indicating Augusta Gold Corp. will no longer operate as an independent public entity. Future outlook for the acquired assets will be determined by AngloGold Ashanti.

Management Comments

• The filing includes the signature of Purni Parikh, confirming the reported transactions.

Industry Context

This transaction reflects ongoing consolidation within the mining sector, particularly for gold assets, where larger players like AngloGold Ashanti seek to expand their portfolios through strategic acquisitions. Such mergers often aim to achieve economies of scale, diversify asset bases, or acquire specific high-potential projects.

Corporate Governance

Stakeholder Impact

• Shareholders: Received cash consideration of C$1.70 per share, providing a definitive exit value for their investment.
• Option Holders: Employee stock options were fully vested and cashed out, providing a financial benefit based on the difference between the merger price and their exercise price.
• Employees: While not explicitly detailed, the merger typically leads to integration into the acquiring company, potentially affecting roles and organizational structure.

Next Steps

• The filing indicates the completion of the merger, meaning Augusta Gold Corp. common shares are no longer publicly traded. The next steps involve the integration of Augusta Gold's assets into AngloGold Ashanti's operations.

Key Dates

Keywords

Augusta Gold Corp., AUGG, AngloGold Ashanti, Merger, Acquisition, SEC Form 4, Insider Transaction, Stock Options, Share Disposal, Purni Parikh