Business
AuRico Gold Announces Results of the Tender Offer for its 3.50% Convertible Senior Notes Due 2016
TORONTO, Dec. 23, 2011 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ) ("AuRico") annou...
About this update from Alamos Gold Inc.
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Dec. 23, 2011 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ) (\"AuRico\") announced today the expiration and final results of its previously\n announced cash tender offer (the \"Offer\") for any and all of its\n outstanding 3.50% Convertible Senior Notes due 2016 (the \"Convertible\n Notes\"), at a purchase price of $1,008.069 for each $1,000 principal\n amount of Convertible Notes validly tendered and not validly withdrawn.\n The Offer expired at 5:00 p.m., New York City time, on December 21,\n 2011 (the \"Exercise Expiration Date\").\n\n\nAs of the Exercise Expiration Date, $3.0 million aggregate principal\n amount of the Convertible Notes, representing approximately 1.7% of the\n aggregate principal amount of the Convertible Notes outstanding prior\n to the Offer, were validly tendered and not validly withdrawn. AuRico\n accepted for purchase all Convertible Notes validly tendered and not\n validly withdrawn pursuant to the Offer, resulting in aggregate\n consideration of approximately $3.0 million (plus approximately $24,207\n in aggregate accrued interest), excluding any applicable tax\n withholding. AuRico intends to promptly cancel all the Convertible\n Notes it has accepted for purchase and upon giving effect to such\n cancellation, $167 million aggregate principal amount of the\n Convertible Notes will remain outstanding.\n\n\nThe Bank of New York Mellon served as tender agent, paying agent and\n depositary for the Offer.\n\n\nAbout AuRico Gold:\n\n\nAuRico Gold is a leading intermediate Canadian gold and silver producer\n with a diversified portfolio of high quality mines and projects in\n Canada, Mexico and Australia. The Company currently has five operating\n properties including the Ocampo mine in Chihuahua State, the El Chanate\n mine in Sonora State, the El Cubo mine in Guanajuato State, as well as\n the Fosterville and Stawell gold mines in Victoria, Australia. The\n first production from the exciting Young-Davidson gold mine  located in\n northern Ontario is expected by the end of Q1 2012 as the mine ramps up\n production to over 200,000 ounces of annual production by 2015.\n AuRico's strong pipeline of development and exploration stage projects\n includes advanced development properties in Mexico and British Columbia\n and several highly prospective exploration properties in Mexico.\n...