ALAMOS GOLD ANNOUNCES COMPLETION OF ACQUISITION OF RICHMONT MINES 11/23/2017 Download this Press Release (PDF 36 KB) TORONTO, ONTARIO--(Marketwired - Nov. 23, 2017) -
Alamos Gold Inc. ("Alamos") (TSX:AGI) (NYSE:AGI) is pleased to announce the completion of the previously announced plan of arrangement (the "Transaction") whereby Alamos acquired all of the issued and outstanding shares of Richmont Mines Inc. ("Richmont") (TSX:RIC) (NYSE:RIC).
Under the terms of the Transaction, all Richmont issued and outstanding common shares were exchanged on the basis of 1.385 Alamos common shares for each Richmont common share (the "Exchange Ratio"). Upon closing, Alamos has approximately 389,059,503 Class A Shares outstanding with Alamos and Richmont shareholders owning approximately 77% and 23% of the pro forma company, respectively. Richmont's common shares will be de-listed from the Toronto Stock Exchange ("TSX") and the New York Stock Exchange ("NYSE") on November 24, 2017, or shortly thereafter.
"With the completion of the acquisition, we have greatly strengthened our asset base, cash flow generation and profitability. Combined with our peer leading growth profile and debt-free balance sheet, we have solidified our positioning as a leading intermediate gold producer and are well positioned to deliver long term shareholder value," said John A. McCluskey, President and Chief Executive Officer of Alamos.
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".
Cautionary Note - Forward Looking Statements
ALAMOS Gold CORPORATE PRESENTATION – NOVEMBER 2017 -
Centerra Gold’s acquisition of AuRico Metals - November 7, 2017 08:00 AM EST
Centerra Gold and AuRico Metals will host a joint conference call on Tuesday, November 7, 2017 at 8:00 AM Eastern Time for members of the investment community to discuss the transaction.
The call-in details are as follows:
North American participants should dial the toll-free number: (800) 404-5245
International participants may access the call at: +1 (416) 981-9070
4 An audio recording of the call will be available shortly after the call and will be available until midnight Eastern Time on Friday, December 8, 2017. The recording can be accessed by calling (416) 626-4100 or (800) 558-5253 and using the passcode 21862384.
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