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Alamos Gold Closes US$250 Million Bought Deal Financing

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Alamos Gold Closes US$250 Million Bought Deal Financing

 

 

 

 

 

Alamos Gold Inc. (TSX:AGI) (NYSE:AGI) today announced that it has closed its previously announced bought deal offering at a price of US$7.95 per common share. A total of 31,450,000 common shares were sold in the offering for gross proceeds of US$250 million.

 

 

The shares were purchased on a bought deal basis by a syndicate of underwriters led by TD Securities Inc., BMO Capital Markets and Macquarie Capital Markets Canada Ltd.

 

 

The Company intends to use the net proceeds of the offering and existing cash to repay all of its outstanding US$315 million senior secured 7.75% high yield notes maturing 2020.

 

 

About Alamos

 

 

Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson mine 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 1,300 people and is committed to the highest standards of sustainable development.

 

Posted February 9, 2017

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