Alamos Gold Inc (AGI)

[NYBob]

ALAMOS GOLD ANNOUNCES NORMAL COURSE ISSUER BID
12/20/2018
Download this Press Release (PDF 168 KB)
TORONTO, Dec. 20, 2018 (GLOBE NEWSWIRE) --

Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today
announced that it has filed with and received acceptance from the
Toronto Stock Exchange (“TSX”), for a Notice of Intention to make a
Normal Course Issuer Bid permitting Alamos to purchase for cancellation
up to 25,513,043 Class A Common Shares (“Common Shares”), representing
10% of the Company’s public float of the Common Shares as of December
14, 2018, being 255,130,432 Common Shares.
As at December 14, 2018, there were 391,248,754 Common Shares issued
and outstanding.

Alamos may purchase Common Shares under the Normal Course Issuer Bid
over the next twelve-month period beginning December 24, 2018 and
ending December 23, 2019.
Any purchases made under the Normal Course Issuer Bid will be effected
through the facilities of the TSX, alternative Canadian trading systems
and/or the New York Stock Exchange.
The maximum number of Common Shares that Alamos may purchase on the TSX
on a daily basis, other than block purchase exceptions, is 191,200
Common Shares.

The price for any repurchased Common Shares will be the prevailing
market price at the time of the purchase.
All Common Shares purchased by Alamos will be cancelled.
Purchase and payment for the Common Shares will be made by Alamos in
accordance with the requirements of the TSX and applicable securities
laws.

A Normal Course Issuer Bid is being undertaken as the Company and its
Board of Directors believe the share price of its Common Shares from
time to time to be not reflective of the underlying value of the
Company.
The Company believes it advantageous to its shareholders to engage in
repurchases of Common Shares, from time to time, when they are trading
at prices which reflect a discount from their value by increasing the
proportionate share of ownership of the Company to remaining
shareholders.
Alamos has not purchased any of the Common Shares in the preceding
twelve months.

About Alamos

Alamos is a Canadian-based intermediate gold producer with diversified
production from four operating mines in North America.
This includes the Young-Davidson and Island Gold mines in northern
Ontario, Canada and
the Mulatos and El Chanate mines in Sonora State, Mexico.
Additionally, the Company has a significant portfolio of development
stage projects in Canada, Mexico, Turkey, and the United States.
Alamos employs more than 1,700 people and is committed to the highest
standards of sustainable development. The Company’s shares are traded
on the TSX and NYSE under the symbol “AGI”.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Scott K. Parsons
Vice President, Investor Relations
[phone] x 5439
?All amounts are in United States dollars, unless otherwise stated.

The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.

https://www.alamosgold.com/news-and-media/news-releases/news-releases-details/2018/Alamos-Gold-Announces-Normal-Course-Issuer-Bid/default.aspx


Alamos Gold Inc. (TSX:AGI; NYSE:AGI) LATEST PRESENTATION –


https://www.alamosgold.com/investors/Presentations/default.aspx


https://www.alamosgold.com


Alamos has been beaten way down beyond a reasonable share price,
all i'm saying is its financials are excellent to its peers,
a correction in gold could see this bounce 100% or more quite easily.
Ive traded gold stocks long enough to know when a bottom is forming and
to be ready for those bounces, and we are heading or
almost at one of those bottoms. IMHO
by Highlander thanks good info -

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