Loncor Gold Announces That Court Grants Final Order to Loncor Gold Approving Arrangement with Chengtun Mining

Toronto, Ontario--(Newsfile Corp. - December 16, 2025) - Loncor Gold Inc. (TSX: LN) (OTCQX: LONCF) (FSE: LO5) ("Loncor" or the "Company") is pleased to announce that the Ontario Superior Court of Justice (Commercial List) has issued a final order approving the previously announced plan of arrangement (the "Arrangement") pursuant to which Chengtun Gold Ontario Inc. (the "Purchaser"), a wholly-owned subsidiary of Chengtun Mining Group Co., Ltd. (SSE: 600711), will acquire all of the issued and outstanding common shares of Loncor, as previously announced by Loncor on October 14, 2025.

Closing of the Arrangement remains subject to the satisfaction or waiver of the remaining conditions to closing contained in the arrangement agreement entered into by the Company and the Purchaser dated October 14, 2025. The Company will provide further updates related to the Arrangement as they become available.

Further details regarding the Arrangement are provided in the Company's information circular prepared in connection with the meeting of shareholders of the Company held on December 11, 2025 (the "Meeting"), which is available on the Company's SEDAR+ profile at www.sedarplus.ca and on EDGAR at www.sec.gov/search-filings.

About Loncor Gold Inc.
Loncor is a Canadian gold exploration company focused on the Ngayu Greenstone Gold Belt in the northeast of the Democratic Republic of the Congo (the "DRC"). The Loncor team has over two decades of experience of operating in the DRC. Loncor's growing resource base in the Ngayu Belt is focused on the Imbo Project where the Adumbi deposit holds an indicated mineral resource of 1.88 million ounces of gold (28.185 million tonnes grading 2.08 g/t gold), and the Adumbi deposit and two neighbouring deposits hold an inferred mineral resource of 2.090 million ounces of gold (22.508 million tonnes grading 2.89 g/t Au), with 84.68% of these resources being attributable to Loncor. Following a drilling program carried out by the Company at the Adumbi deposit in 2020 and 2021, the Company completed a Preliminary Economic Assessment ("PEA") of the Adumbi deposit and announced the results of the PEA in December 2021.

Additional information with respect to Loncor and its projects can be found on Loncor's website at www.loncor.com.

About Chengtun Mining Group Co., Ltd.
Chengtun Mining specializes in developing new energy metal resources. The company's core operations include mining and refining of energy metals and base metals, with strategic focus on copper, cobalt, nickel for new energy batteries. The company has also identified gold and other precious metals as a key strategic business area for future development. Chengtun owns and operates mines in the Democratic Republic of the Congo, most notably the Kalongwe copper-cobalt mine. Chengtun Mining is publicly listed on the Shanghai Stock Exchange under the ticker 600711.

Schreibe Deinen Kommentar