New York, London and Accra, Ghana (OTE) – Blue Gold Limited (“ Blue
Gold „), a gold mining company developing a
portfolio of assets anchored by the historic Bogoso Prestea Mine in
the Ashanti region of Ghana, announced the completion of a business
combination (the “ Transaction „) with a Special Purpose Acquisition
Company, Perception Capital Corp. IV (“ Perception „), and that its
ordinary shares and warrants will commence trading on the Nasdaq
Stock Market on June 26, 2025, under the ticker symbols “ BGL “ and “
BGLWW „.
This milestone marks Blue Gold’s inaugural presence on a U.S.
stock exchange, expanding its reach to a broader base of global
investors.
Andrew Cavaghan, Chief Executive Officer of Blue Gold Limited,
commented : „We are excited to commence trading on Nasdaq, a
significant milestone that reflects our commitment to growth and
creating liquidity for our shareholders. We believe that this listing
will support our continued expansion and provide greater visibility
within the investment community.“
„With the completion of this transaction and a clear forward
strategy, we believe that Blue Gold is well-positioned to bring the
Bogoso Prestea Mine back into production in a capital-efficient,
environmentally responsible, and community-aligned manner. We view
this as a transformational opportunity to create long-term value for
all stakeholders by unlocking one of West Africa’s most storied gold
assets.“
Rick Gaenzle, Chief Executive Officer of Perception Capital Corp
IV, added: „We are very excited to close this transaction. We are
especially pleased by the favorable macro tailwinds that have seen
the price of gold increase from approximately $2,000 per ounce at the
time we entered this transaction, to over $3,000 per ounce at its
close. We believe this represents an attractive value proposition for
investors.“
About Blue Gold Limited
Advisors
Forward-Looking Statements
Additional Information and Where to Find It
No Offer or Solicitation
Blue Gold acquired the historic 5.1 Moz Gold Resource Bogoso
Prestea Mine in the renowned Ghana Ashanti Gold Belt in 2024 as part
of our long-term strategy to expand and sustainably manage long-life
high-quality assets. The mine is currently scheduled to restart
operations in 2025.
Blue Gold prioritises growth, sustainable development, and
transparency in all our business practices. We believe that our
commitment to responsible mining will ensure that we create value for
our shareholders while minimising our environmental footprint.
Cohen & Company Capital Markets, a division of J.V.B. Financial
Group, is acting as exclusive financial advisor and lead capital
markets advisor. Loeb & Loeb LLP acted as US legal advisor to
Perception. Simmons & Simmons acted as UK legal advisor to
Perception. Integri Solicitors & Advocates acted as Ghanaian legal
advisor to Perception. Duane Morris LLP acted as US legal advisor to
Blue Gold. Mayer Brown LLP acted as US and UK legal advisor to Blue
Gold. Kimathi and Partners acted as Ghanaian legal advisor to Blue
Gold. Mourant Ozannes (Cayman) LLP acted as Cayman Islands legal
counsel to both parties. Cibreo Partners LLC acted as strategic
advisor to both parties.
This press release includes „forward-looking statements“ within the
meaning of the safe harbor for forward- looking statements provided
by Section 21E of the Securities Exchange Act of 1934, as amended,
and the Private Securities Litigation Reform Act of 1995 including,
without limitation: statements related to the parties likelihood to
enter into a binding or definitive agreement(s); statements related
to the anticipated benefits of the proposed Transaction, including
the potential amount of cash that may be available to the combined
company upon consummation of the Transaction; the anticipated
enterprise value of the combined company following the Transaction;
sources and uses of cash from the Transaction; the anticipated timing
to close the Transaction; the financial and business performance of
Blue Gold Limited; and Blue Gold Limited’s anticipated future
operating results.
You are cautioned not to place undue reliance on these forward-
looking statements, which are current only as of the date of this
press release. Each of these forward-looking statements involves
risks and uncertainties. Important factors that could cause actual
results to differ materially from those discussed or implied in the
forward-looking statements include, but are not limited to: estimates
of the combined company’s financial performance being materially
incorrect predictions; general economic or political conditions;
negative economic conditions that could impact Blue Gold Limited and
the gold industry in general; reduction in demand for Blue Gold
Limited’s products; changes in the markets that Blue Gold Limited
targets; any change in laws applicable to Blue Gold Limited or any
regulatory or judicial interpretation; and other factors, risks and
uncertainties, including those to be included under the heading „Risk
Factors“ in the proxy statement/prospectus filed with the SEC and any
subsequent filings.
All forward-looking statements are expressly qualified in their
entirety by such factors. Blue Gold Limited does not undertake any
duty to update any forward-looking statement except as required by
law.
In connection with the proposed Transaction, Blue Gold Limited has
filed with the Securities and Exchange Commission (the „SEC“) a
registration statement on Form F-4 (the „Registration Statement“),
which includes a preliminary proxy statement/prospectus and certain
other related documents, which will be both the proxy statement to be
distributed to the shareholders of Perception in connection with
Perception’s solicitation of proxies for the vote by its shareholders
with respect to the proposed Transaction and other matters as may be
described in the definitive proxy statement/prospectus, as well as a
prospectus relating to the offer and sale of the securities to be
issued by Blue Gold in the proposed Transaction. Shareholders are
encouraged to read the Registration Statement as it contains
important information. This press release does not contain all of the
information that should be considered by Blue Gold Limited’s
shareholders and is not intended to constitute the basis of any
voting or investment decision in respect of the Transaction or the
securities of the combined company.
This press release shall not constitute a solicitation of a proxy,
consent, or authorization with respect to any securities or in
respect of the proposed business combination. This press release
shall also not constitute an offer to sell or the solicitation of an
offer to buy any securities, nor shall there be any sale of
securities in any states or jurisdictions in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction. No
offering of securities shall be made except by means of a prospectus
meeting the requirements of Section 10 of the Securities Act of 1933,
as amended or an exemption.
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