The TSX Venture Exchange has accepted for filing documentation pertaining to an arm's-length investment agreement, between Montage Gold Corp. and an arm's-length party, Sanu Gold Corp. Pursuant to the agreement, the company acquired a 19.9-per-cent ownership interest in Sanu.

As consideration for the acquisition, the company issued 2,337,921 common shares to Sanu.

Further, the company entered into an investor rights agreement (IRA) with Sanu, which includes certain participation rights, board nomination rights and right of first refusal over certain assets. The IRA will persist so long as the company holds at least 10 per cent of the issued and outstanding common shares of Sanu, with the right of first refusal expiring when the company holds no common shares of Sanu.

For further details, please refer to the company's news releases dated Dec. 2, 2024, and Dec. 31, 2024.