By Sheri Kasprzak
Atlanta, Oct. 14 - Alamos Gold Inc. said Thursday it plans to sell to a syndicate of underwriters C$24 million in stock.
The company will sell eight million shares at C$3 per share. The underwriters will have the option to buy an additional two million shares, also at C$3, for up to 48 hours before the closing of the deal. The company anticipates the deal will close Oct. 18.
Alamos Gold is a Toronto-based gold exploration company. It plans to use the proceeds from the financing for exploration, working capital and general corporate purposes.
| Issuer: | Alamos Gold Inc.
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| Issue: | Stock
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| Amount: | C$24 million
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| Greenshoe: | C$6 million
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| Shares: | 8 million
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| Price: | C$3
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| Warrants: | No
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| Announcement date: | Oct. 14
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| Stock price: | C$3.17 at close Oct. 14
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