AuRico Gold Inc. Issues Fundamental Change Notice and Offer to Purchase to Holders of Its 3.50% Convertible Senior Notes due 2016

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[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Nov. 23, 2011 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), (\"AuRico\", or the \"Company\") AuRico Gold Inc. today notified holders of\n its 3.50% Convertible Senior Notes due 2016 (the \"Notes\") that a\n Fundamental Change (as defined in the Indenture (as defined below)\n under the indenture, dated as of October 15, 2010, as supplemented by\n the first supplemental indenture, dated as of October 5, 2010, and the\n second supplemental indenture, dated as of October 26, 2011\n (collectively, the \"Indenture\") has occurred and offered to purchase\n (the \"Offer to Purchase\") from each holder (the \"Holder\") of the Notes\n any or all of such Holder's outstanding Notes on December 23, 2011 or a\n later date if AuRico elects to extend the Offer to Purchase (the\n \"Fundamental Change Purchase Date\"). The purchase price (the\n \"Fundamental Change Purchase Price\") for Notes validly surrendered and\n not validly withdrawn will be US$1,000 in cash per US$1,000 principal\n amount of the Notes, plus accrued and unpaid interest, if any, to, but\n excluding, the Fundamental Change Purchase Date.\n\n\nHolders may, but are not obligated to, surrender their Notes from\n November 23, 2011 until 5:00 p.m., New York City time, on December 21,\n 2011 (the \"Exercise Expiration Date\"). AuRico will purchase all Notes\n that have been validly surrendered, and not validly withdrawn prior to\n the Exercise Expiration Date, on the Fundamental Change Purchase Date,\n which is the Second Business Day (as defined in the Indenture)\n following the Exercise Expiration Date. The Fundamental Change Purchase\n Price for any Notes that are surrendered, and not validly withdrawn,\n will be paid by The Bank of New York Mellon, as paying agent (the\n \"Paying Agent\"), promptly following the later of the Fundamental Change\n Purchase Date and the time of book-entry transfer or delivery of such\n Notes to the Paying Agent.\n\n\nAs previously announced, effective October 26, 2011, AuRico acquired all\n of the issued and outstanding common shares of Northgate Minerals\n Corporation (\"Northgate\") on the basis of 0.365 common shares of AuRico\n for each Northgate common share in accordance with a court-approved\n plan of arrangement of Northgate under the British Columbia Business\n Corporations Act (the \"Arrangement\"). Following the ...

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