On September 7, 2023, Allied Gold Corporation completed a business combination transaction and listing on the Toronto Stock Exchange by way of a reverse take-over involving Allied Merger Corporation (AMC), Allied Gold Corp (AGC) and Allied Gold Corp Limited (AGCL), a mid-tier gold producer with production and exploration assets in Africa, pursuant to which, among other things, the former security holders of AMC, AGC, and AGCL were issued securities in the capital of Allied Gold on the terms and subject to the conditions of a business combination agreement among, inter alios, Mondavi Ventures Ltd. (now Allied Gold), AMC, AGC and AGCL. As a condition to the completion of the business combination transaction, on August 30, 2023, AMC completed a brokered private placement, raising approximately $363 million (US$267 million).