A Merger in the S&P/TSX Composite Index
TORONTO , June 29, 2015 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
Shareholders of Alamos Gold Inc. (AGI.TO) and AuRico Gold Inc. (AUQ.TO) have agreed to the terms of a Plan of Arrangement whereby the companies will be merged together under the name Alamos Gold Inc. Alamos shareholders will receive $US0.001 in cash and one share of new Alamos for each share held. AuRico shareholders will receive 0.5046 shares of new Alamos for each share held. The 27.9 million shares of AuRico Gold currently held by Alamos Gold will not be exchanged for new Alamos Gold shares.
The relative weight of Alamos Gold will increase in the S&P/TSX Composite, Capped Composite and Composite Equal Weight, the S&P/TSX Completion, the S&P/TSX SmallCap, the S&P/TSX Capped Materials, the S&P/TSX Global Mining, Global Gold and Equal Weight Global Gold and the S&P/TSX Composite Dividend Indices after the close of trading on Friday, July 3, 2015 , to reflect this share exchange as part of the transaction. AuRico Gold will be removed from all the above indices.
Concurrent with the above events, certain AuRico Gold assets will be spun out into a newly-created company named AuRico Metals Inc. (TSX:AMI). S&P Dow Jones Indices will not recognize this spinoff for index purposes due to its de minimus nature.
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