Allied Gold Announces Overnight Marketed Offering

About this update from Allied Gold Corporation

[{"type":"text","content":" TORONTO, Oct. 15, 2025 /CNW/ - Allied Gold Corporation (TSX: AAUC) (NYSE: AAUC) (\"Allied\" or the \"Company\") announces an overnight marketed offering (the \"Offering\") of common shares of the Company (the \"Shares\") to be offered by way of a short form prospectus supplement to be filed in all of the provinces of Canada pursuant to the Company's base shelf prospectus dated October 1, 2024 (the \"Base Shelf Prospectus\"). The Offering is expected to be completed pursuant to an underwriting agreement (the \"Underwriting Agreement\") to be entered into between the Company and Stifel Nicolaus Canada Inc., Canaccord Genuity Corp. and National Bank Financial Inc. as joint bookrunners together with a syndicate of underwriters (collectively, together with the joint bookrunners, the \"Underwriters\"). The size and pricing of the Offering will be determined in the context of the market. The Company will grant the Underwriters an over-allotment option (the \"Over-Allotment Option\") exercisable, in whole or in part, at the sole discretion of the Underwriters, to purchase up to an additional 15% of the number of Shares sold in the Offering for up to 30 days from and including the closing date of the Offering, on the same terms and conditions as the Offering for market stabilization purposes and to cover any over-allotments. The Company intends to use the net proceeds of the Offering to i) fund its optimization and growth initiatives particularly to accelerate development of infrastructure for the next phase of expansion at Sadiola which includes improvements in processing capacity and acceleration of the implementation of certain components of the recently announced energy program, ii) modify the plant under development at Kurmuk to increase average processing capacity for higher levels of production, iii) begin the transition to owner mining at one or more operations, and iv) general corporate purposes to take advantage of corporate and asset-based opportunities which may arise from time to time. The Company considers that pursuing some or all of these initiatives at this time improves efficiency, productivity and profitability. With respect to corporate and asset-based opportunities, these would mostly be cash flow generating in respect of which the Company prefers to use available cash rather than shares as much as possibl...

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