| Alamos Gold Closes Previously Announced Private Placement | |
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TORONTO, ONTARIO--(Marketwired - April 20, 2015) - Alamos Gold Inc. (TSX:AGI)(NYSE:AGI) ("Alamos" or the "Company") today announced the closing of its previously announced non-brokered private placement pursuant to which Alamos subscribed for approximately 27.9 million common shares of AuRico Gold Inc. ("AuRico"), representing approximately 9.9% of AuRico's outstanding common shares after giving effect to the private placement. The common shares were acquired at a price of US$2.99 per share, equal to AuRico's closing price on the New York Stock Exchange on April 10, 2015, for total gross proceeds to AuRico of approximately US$83.3 million.
The common shares issued pursuant to the private placement are subject to the Canadian resale rules which include a four-month restricted period before the common shares may become freely-tradeable within Canada.
About Alamos
Alamos is an established Canadian-based gold producer that owns and operates the Mulatos Mine in Mexico, and has exploration and development activities in Mexico, Turkey and the United States. The Company employs more than 500 people and is committed to the highest standards of sustainable development. As of March 30, 2015, Alamos had 127,357,486 common shares outstanding (140,164,052 shares fully diluted), which are traded on the TSX and NYSE under the symbol "AGI".
Cautionary Note
The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Contact Information:
Alamos Gold Inc.
Scott K. Parsons
Director, Investor Relations
(416) 368-9932 x 439
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Alamos Gold
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DEVELOPMENT STAGE |
CODE : AGI.TO |
ISIN : CA0115271086 |
CUSIP : 011527108 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Alamos Gold is a gold development stage company based in Canada. Alamos Gold develops gold and silver in Mexico and in Peru, and holds various exploration projects in Peru and in Turkey. Its main assets in development are CERRO JUMIL in Mexico and SAN LUIS PROJECT in Peru and its main exploration properties are GAP, EL JASPE, PUERTO DEL AIRE, BIRICU, LA PROVIDENCIA PROSPECT, MERCURY MINES, ESCONDIDA MIL, EL REALITO, LOS BAJIOS, LA YAQUI, CERRO PELON and MULATOS in Mexico, ABRA ROJO, UTCUCOCHA, COLQUI ORCCO and PUCARANA in Peru and AGI DAGI, KIRAZLI and CAMYURT in Turkey. Alamos Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 5.5 billions as of today (US$ 4.0 billions, € 3.8 billions). Its stock quote reached its lowest recent point on May 14, 2004 at CA$ 1.50, and its highest recent level on April 26, 2024 at CA$ 20.78. Alamos Gold has 266 320 000 shares outstanding. |