The TSX Venture Exchange has accepted for filing an arrangement agreement dated June 21, 2024, between Gowest Gold Ltd., a group of existing shareholders of Gowest and 1000920370 Ontario Inc., a company controlled by a member of the acquiring group, pursuant to which the acquiring group acquired all of the outstanding common shares of Gowest not already owned by the acquiring group, for cash consideration of 15 cents per common share by way of a plan of arrangement under the provisions of the Business Corporations Act (Ontario). Additionally, all outstanding warrants and options of the company were acquired by the company in exchange for consideration per warrant and option equal to the amount in which the share consideration exceeded the exercise price of the warrants and options in accordance with the terms of the arrangement.

The exchange has been advised that the requisite approval of the arrangement by Gowest shareholders and warrantholders was received at a special meeting of shareholders and warrantholders held on Sept. 5, 2024, and that the Ontario Superior Court of Justice granted a final order with respect to the arrangement on Sept. 13, 2024. The arrangement was completed on Sept. 19, 2024.

Delisting

Effective at the close of business on Sept. 24, 2024, the common shares of Gowest will be delisted from the TSX Venture Exchange.

For further details, refer to the company's management information circular dated July 24, 2024, available under Gowest's profile on SEDAR+, and the company's news releases dated June 24, 2024, Sept. 6, 2024, Sept. 16, 2024, and Sept. 20, 2024.