- Allied Gold Corporation (AAUCF, Financial) announces a 1-for-3 share consolidation ahead of its anticipated listing on the New York Stock Exchange (NYSE).
- The consolidation reduces the company's outstanding shares from 346,137,648 to approximately 115,379,216.
- The company plans to begin trading on the NYSE by mid-June 2025.
Allied Gold Corporation (AAUCF) has initiated a 1-for-3 share consolidation as part of its strategy to list on the New York Stock Exchange (NYSE). This move, approved by Allied's shareholders and conditionally approved by the Toronto Stock Exchange (TSX), is set to take effect on May 19, 2025. Following the consolidation, trading of the post-consolidation shares on the TSX is expected to commence on or around May 22, 2025.
As a result of the consolidation, Allied Gold's outstanding shares will be reduced from 346,137,648 to approximately 115,379,216. All convertible securities will be proportionally adjusted, and no fractional shares will be issued. The company's shares will continue to trade on the TSX under the symbol "AAUC" but with a new CUSIP and ISIN.
Allied Gold anticipates that its shares will start trading on the NYSE by mid-June 2025, subject to final regulatory approvals. The company, a Canadian-based gold producer, operates projects in Côte d'Ivoire, Mali, and Ethiopia, and aims to become a mid-tier, next-generation gold producer in Africa and a leading global player in the gold mining sector.
