Aurico Gold Inc.

Published : August 05th, 2015

AuRico Metals Announces Adoption of Shareholder Rights Plan and Waives Restriction on Alamos Gold ...

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

AuRico Metals Announces Adoption of Shareholder Rights Plan and Waives Restriction on Alamos Gold from Acquiring Shares

TORONTO, Aug. 5, 2015 /PRNewswire/ - AuRico Metals Inc. (AMI.TO),("AuRico Metals" or the "Company") today announced that its Board of Directors has approved the adoption of a Shareholder Rights Plan (the "Rights Plan"), effective Wednesday, August 5, 2015 (the "Effective Date").

The purpose of the Rights Plan is to protect shareholders from coercive take-over strategies and to give the Board of Directors adequate time to identify, develop and negotiate alternative strategies in response to any unsolicited take-over bid made for AuRico Metals' common shares without undue pressure.  The Rights Plan is intended to prevent the acquisition of more than 20% of the outstanding common shares of AuRico Metals or the entering into of arrangements or relationships that have a similar effect, without the Board of Directors having had the opportunity to review, evaluate and, if appropriate, pursue other alternatives to maximize shareholder value.

Under the terms of the Shareholder Rights Plan, one right has been issued with respect to each common share of AuRico Metals issued and outstanding as of the Effective Date and one right will also be issued with respect to each common share subsequently issued. The Rights Plan is similar to other plans adopted by many Canadian mining companies. 

The Shareholder Rights Plan was not adopted in response to any specific proposal or intention to acquire control of AuRico Metals and is not intended to block take-over bids.  The Toronto Stock Exchange has accepted notice for filing of the Rights Plan subject to the Rights Plan being ratified by shareholders within six months of the Effective Date.

In connection with the implementation of the Shareholder Rights Plan, AuRico Metals has agreed with Alamos Gold ("Alamos") to waive the restriction on Alamos from acquiring more than 5% of AuRico Metals' shares.

A complete copy of the Shareholder Rights Plan will be available on SEDAR at www.sedar.com.

About AuRico Metals

AuRico Metals is a mining royalty and development company whose cornerstone assets include a 1.5% NSR on the Young-Davidson Gold Mine, located in Ontario, Canada, a 2% NSR on the Fosterville Mine, located in Victoria, Australia, and 100% ownership of the advanced Kemess gold-copper Project in British Columbia, Canada. AuRico Metals' goal is to deliver sustained value creation for the company's many stakeholders. AuRico Metals' head office is located in Toronto, Ontario, Canada.

Cautionary Statement

This press release contains forward-looking statements and forward-looking information as defined under Canadian and U.S. securities laws.  All statements, other than statements of historical fact, are forward-looking statements. The words "expect", "believe", "anticipate", "will", "intend", "estimate", "forecast", "budget" and similar expressions identify forward-looking statements. Forward-looking statements include information as to strategy, plans or future financial or operating performance, such as the Company's development plans, project timelines, operating plans, projected cash flows or capital expenditures, cost estimates, projected exploration results, reserve and resource estimates and other statements that express management's expectations or estimates of future performance, including results of shareholder meetings. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management, are inherently subject to significant uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements, including: uncertainty of production and cost estimates; fluctuations in the prices of gold, copper, and foreign exchange rates; the uncertainty of resources ultimately being converted to reserves  and the possible recalculation or reduction of reserves and resources; the risk that financing for the construction of Kemess Underground is not available; the risk that potential future mining operations at Kemess do not meet expectations; the risk that projects will not be developed according to budgets or timelines, changes in laws in Canada and other jurisdictions in which the Company may carry on business; risks of obtaining necessary licenses, permits or approvals for Kemess; disputes over title to properties; the speculative nature of mineral exploration and development; compliance risks with respect to current and future environmental regulations;opportunities that may be pursued by the Company; employee relations; availability and costs of mining inputs and labor; the ability to secure capital to execute business plans; volatility of the Company's share price; the effect of future financings; litigation; risk of loss due to sabotage and civil disturbances; the values of assets and liabilities based on projected future cash flows; risks arising from derivative instruments or the absence of hedging; adequacy of internal control over financial reporting; changes in credit rating; and the impact of inflation. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained herein. Such statements are based on a number of assumptions which may prove to be incorrect, including assumptions about: business and economic conditions; commodity prices and the price of key inputs such as labour, fuel and electricity; credit market conditions and conditions in financial markets generally; revenue and cash flow estimates, production levels, development schedules and the associated costs; ability to procure equipment and supplies and ability to do so on a timely basis; the timing of the receipt of permits and other approvals for projects and operations; the ability to attract and retain skilled employees and contractors for the operations; the accuracy of reserve and resource estimates; the impact of changes in currency exchange rates on costs and results; interest rates; taxation; and ongoing relations with employees and business partners. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

Read the rest of the article at finance.yahoo.com
Data and Statistics for these countries : Australia | Canada | All
Gold and Silver Prices for these countries : Australia | Canada | All

Aurico Gold Inc.

PRODUCER
CODE : AUQ.TO
ISIN : CA3649151089
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Aurico is a gold producing company based in Canada.

Aurico produces gold, silver in Mexico, develops gold and silver in Mexico, and holds various exploration projects in Mexico.

Its main assets in production are OCAMPO and LAS TORRES in Mexico, its main asset in development is EL CUBO in Mexico and its main exploration properties are LOS JARROS, LA BANDERA MEXICO, GUADALUPE Y CALVO, MEZQUITE and GUADALUPE Y CALVO in Mexico.

Aurico is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.0 billions as of today (US$ 802.6 millions, € 722.1 millions).

Its stock quote reached its highest recent level on October 07, 2011 at CA$ 9.97, and its lowest recent point on July 03, 2015 at CA$ 3.58.

Aurico has 281 670 016 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Aurico Gold Inc.
8/15/2006Follow up N° 15
6/9/2006Follow up N° 4
Financings of Aurico Gold Inc.
4/20/2015Closes Previously Announced Private Placement
Nominations of Aurico Gold Inc.
9/18/2014Appoints Janice Stairs, LLB, MBA to the Board of Directors
6/27/2013AuRico Gold Appoints Non-Executive Chairman
6/11/2013AuRico Gold Announces Resignation of Executive Chairman
5/13/2013AuRico Gold Reports Voting Results for Election of Directors
Financials of Aurico Gold Inc.
3/31/2015Announces Details for First Quarter Results and Annual Gener...
10/6/2014Announces Details for Third Quarter Results
5/8/2014Reports First Quarter Financial Results, Reports Seventh Con...
2/10/2014AuRico Gold Announces Details for Fourth Quarter and Year-En...
1/15/2014AuRico Gold Announces Preliminary Fourth Quarter Operational...
10/15/2013AuRico Gold Announces Preliminary Third Quarter Operational ...
10/7/2013AuRico Gold Announces Details for Third Quarter Results Webc...
8/8/2013Reports Second Quarter Financial Results
7/16/2013AuRico Gold Announces Preliminary Second Quarter Operational...
7/8/2013AuRico Gold Announces Details for Second Quarter Results Web...
5/9/2013Reports First Quarter Financial Results
4/17/2013AuRico Gold Announces Details for First Quarter Results Webc...
4/15/2013AuRico Gold Announces Preliminary First Quarter Operational ...
3/26/2013AuRico Reports Fourth Quarter and Annual Financial Results
2/13/2013AuRico Gold Announces Details for 2012 Fourth Quarter and Ye...
1/18/2013Announces Preliminary Fourth Quarter and Annual Operational ...
11/13/2012Reports Third Quarter Financial Results and Updates on Young...
10/22/2012Announces Details for Third Quarter Financial Results and We...
5/12/2011Reports First Quarter Financial Results, Including Record ...
3/24/2011New Press Release
2/28/20112010 Exploration Adds Proven and Probable Reserves and Measu...
Project news of Aurico Gold Inc.
9/12/2013AuRico Gold Provides an Update on the 2013 El Chanate Explor...
11/14/2012Reports Fatalities at El Chanate Mine
11/6/2012Announces Continued Exploration Success at Young=2DDavidson
10/22/2012Provides an Update on the 2012 El Chanate Exploration Progra...
10/10/2012(Ocampo)to Sell the Ocampo Mine and Enters into a Joint Venture Agre...
7/13/2012(El Cubo)Endeavour Silver and AuRico Gold Complete the Purchase/Sale ...
6/29/2012(El Cubo)Endeavour Silver and AuRico Gold Extend Closing of the Purch...
3/7/2011(Guadalupe Y Calvo)Reports Numerous New Drill Intercepts at the Guadalupe y Cal...
2/23/2011(El Cubo)Gammon Gold Announces New El Cubo Collective Agreement and R...
2/22/2011(El Cubo)Provides Update on Labour Negotiations at the El Cubo Mine
1/27/2011(Los Jarros)Reports a New Discovery with Significant Drill Results at th...
1/12/2011(Mezquite)Reports 8.9 Metres at 4.25 Grams per Tonne Gold
Corporate news of Aurico Gold Inc.
1/20/2016AuRico Metals Provides Update on Kemess Underground Environm...
1/15/2016AuRico Metals' Shareholders Affirm Shareholder Rights Plan
10/13/2015AuRico Metals Announces Change to Board of Directors
9/21/2015Alamos Announces Discovery of New Zones of Mineralization at...
9/18/2015AuRico Metals Announces Closing of Acquisition of Royalties ...
8/12/2015Alamos Reports Second Quarter 2015 Results
8/5/2015AuRico Metals Announces Adoption of Shareholder Rights Plan ...
7/24/2015Raymond James Upgrades Alamos Gold On Valuation
7/10/2015Canaccord Upgrades Alamos Gold, Sees 39% Return Possibility
7/9/2015Alamos Gold Provides Notice of Second Quarter 2015 Results a...
7/6/2015Alamos and AuRico Metals Announce Completion of Merger
6/29/2015S&P Dow Jones Indices Announces Changes to the S&P/TSX Canad...
4/23/2015Can The Uptrend Continue for AuRico Gold (AUQ)? - Tale of th...
4/20/2015AuRico Gold Closes Previously Announced Private Placement
4/14/2015UPDATE 3-Canada's Alamos Gold, AuRico merger may spark rival...
4/13/2015CANADA STOCKS-TSX win streak halted at 7; resource and indus...
4/13/2015Canada's Alamos Gold, AuRico merger may spark rival bids
4/13/2015Canada Stocks to Watch: AuRico, Alamos, Merus and more
4/13/2015Alamos Gold, AuRico Gold merging in $1.5 billion deal
4/13/2015Canada's Alamos Gold, AuRico Gold to merge in $1.5 bln deal
4/13/2015Alamos Gold and AuRico Gold to Combine
3/31/2015AuRico Gold Announces Details for First Quarter Results and ...
12/22/2014Negotiates Receipt of C$20 Million Upfront Payment and Ongoi...
11/6/2014Reports Third Quarter Financial Results and Ninth Consecutiv...
4/1/2014Announces Preliminary First Quarter Production Results
3/27/2014Announces Closing of $315 million Senior Secured Second Lien...
2/6/2014AuRico Gold Announces 2014 Operational Outlook
1/3/2014AuRico Gold Declares Quarterly Dividend
11/7/2013AuRico Gold Reports Third Quarter Financial Results and Conf...
10/31/2013AuRico Gold Declares Underground Commercial Production at th...
9/17/2013AuRico Gold Declares Quarterly Dividend
9/17/2013Declares Quarterly Dividend
7/3/2013AuRico Gold Declares Quarterly Dividend
6/11/2013AuRico Gold Announces Dividend Reinvestment Plan and Dividen...
4/30/2013AuRico Gold Executive Chairman Takes Leave of Absence
3/26/2013AuRico Gold Declares Quarterly Dividend
3/26/2013AuRico Reports 2012 Reserve & Resource Update and Kemess Fea...
2/21/2013AuRico Gold Announces Inaugural Dividend Policy
1/24/2013AuRico Gold Announces Successful $300 Million Substantial Is...
11/6/2012Announces Settlement of McKenna Class Action
10/15/2012Reports Third Quarter Production Results and Update on Young...
5/4/2012Crocodile Gold Completes Acquisition of Fosterville and Staw...
4/15/2012Endeavour Silver and AuRico Gold Sign Definitive Agreement
3/27/2012Crocodile Gold and Aurico Gold Sign Definitive Agreement in ...
5/4/2011to Release First Quarter 2011 Financial Results on May 12, 2...
4/6/2011Reports High-Grade Discovery at La Balleza Vein in Venus Pro...
3/15/2011Makes Firm and Final Offer to Capital Gold
8/22/2005(Guadalupe Y Calvo)Presentation and Follow up
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (AUQ.TO)NYSE (AUQ)
3.58-0.83%2.86+3.62%
TORONTO
CA$ 3.58
07/03 15:59 -0.030
-0.83%
Prev close Open
3.61 3.65
Low High
3.58 3.67
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  3.58 -%
Volume 1 month var.
513,089 -%
24hGold TrendPower© : -37
Produces Gold - Silver
Develops Gold - Silver
Explores for Gold - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 3/31/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.50+6.01%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.29+0.44%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 2.90-6.45%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.60+3.65%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.15+11.11%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.62-1.13%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 6.87-3.10%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.25+2.04%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.36-1.37%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.85-3.14%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 68.51+0.87%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :