Gold Inc. Announces Early Redemption of its Outstanding Convertible Debentures
Toronto, Ontario Alamos Gold Inc. (TSX:
AGI) (?Alamos? or the ?Company?) announces that it has issued a notice of
redemption to holders of its 5.5% convertible debentures due February 15, 2010
(the ?Debentures?) electing to redeem the outstanding $1,471,000 (all amounts
in Canadian dollars) principal amount of Debentures for cash on April 28, 2008
(?Redemption Date?). A redemption amount of $1,011.00 will be paid for
each $1,000 of principal amount of Debentures, being an amount equal to the
aggregate of i) $1,000 for each $1,000 principal amount of Debentures plus ii)
all accrued and unpaid interest up to but excluding the Redemption Date.
Holders of Debentures have the right to convert their Debentures prior to the
close of business on the business day immediately preceding the Redemption Date
by duly completing the required notice of conversion and delivering same at the
place of business of Pacific Corporate Trust Company.
Further details concerning the Debentures including the rights of redemption
and conversion are described in the trust indenture dated February 2, 2005 made
between the Company and Pacific Corporate Trust Company, as trustee. A
copy of the trust indenture is available from Pacific Corporate Trust Company.
Alamos is a Canadian-based gold producer with operations, exploration and
development activities in Mexico. The Company employs approximately 400 people
in Mexico and is committed to the highest standards of environmental
management, social responsibility, and health and safety for its employees and
neighboring communities. Alamos
is fully leveraged to increases in gold prices. Alamos? common shares are
traded on the Toronto Stock Exchange under the symbol ?AGI? and convertible
debentures under the symbol ?AGI.DB?.
INFORMATION PLEASE CONTACT:
368-9932 Ext. 201
The TSX has not reviewed and does not accept responsibility for the adequacy or
accuracy of this release.
exchange, securities commission or other regulatory authority has approved or
disapproved the information contained herein. This News Release includes
certain ?forward-looking statements?. All statements other than statements of
historical fact included in this release, including without limitation
statements regarding potential mineralization and reserves, exploration
results, and future plans and objectives of Alamos, are forward-looking
statements that may involve various risks and uncertainties. These
forward-looking statements include, but are not limited to, statements with
respect to anticipated Redemption Amount or Redemption Date relating to its
Convertible Debentures, conversion rights, accrued interest and other
information that is based on forecasts of future events not yet determinable
and based on assumptions of management.
statements that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions or future
events or performance (often, but not always, using words or phrases such as
"expects" or "does not expect", "is expected",
"anticipates" or "does not anticipate", "plans",
"estimates" or "intends", or stating that certain actions,
events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved) are not
statements of historical fact and may be "forward-looking
statements." Forward-looking statements are subject to a variety of
risks and uncertainties which could cause actual events or results to differ
from those reflected in the forward-looking statements.
There can be
no assurance that forward-looking statements will prove to be accurate and
actual results and future events could differ materially from those anticipated
in such statements. Important factors that could cause actual results to differ
materially from Alamos? expectations include, among others, risks related to
international operations, the actual results of current exploration activities,
conclusions of economic evaluations and changes in project parameters as plans
continue to be refined as well as future prices of gold and silver, as well as
those factors discussed in the section entitled ?Risk Factors? in Alamos?
Annual Information Form. Although Alamos has attempted to identify important
factors that could cause actual results to differ materially, there may be
other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be
accurate as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking statements.