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Published on 6/5/2009 in the Prospect News Special Situations Daily.

Allied Nevada Gold director sells 2 million shares, keeps 12.87% stake

By Lisa Kerner

Charlotte, N.C., June 5 - Allied Nevada Gold Corp. director Carl Pescio sold 2 million shares of the company's stock on June 2 for C$7.86 per share for a total of C$15.71 million, according to a schedule 13D/A filed on Friday with the Securities and Exchange Commission.

Pescio beneficially owns 7,450,000 shares, or 12.8689%, of the Reno, Nev.-based gold exploration company.


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