Non-brokered offering sells about 27.9 million shares to Alamos Gold
By Devika Patel
Knoxville, Tenn., April 20 – AuRico Gold Inc. said it raised about $83.3 million in a non-brokered private placement of stock with Alamos Gold Inc. The deal priced April 13.
The company sold about 27.9 million common shares at $2.99 apiece. The price per share is identical to the April 10 closing share price.
Proceeds will be used for exploration and development projects and general working capital.
AuRico Gold is a gold producer based in Toronto.
| Issuer: | AuRico Gold Inc.
|
| Issue: | Common shares
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| Amount: | $83.3 million (approximate)
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| Shares: | 27.9 million (approximate)
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| Price: | $2.99
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| Warrants: | No
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| Agent: | Non-brokered
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| Investor: | Alamos Gold Inc.
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| Pricing date: | April 13
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| Settlement date: | April 20
|
| Stock symbol: | NYSE: AUQ
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| Stock price: | $2.99 at close April 10
|
| Market capitalization: | $899.92 million
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