Business
ALLIED GOLD ANNOUNCES SIZE AND PRICING OF OVERNIGHT MARKETED EQUITY OFFERING
ALLIED GOLD ANNOUNCES SIZE AND PRICING OF OVERNIGHT MARKETED EQUITY OFFERING Canada NewsW...
About this update from Allied Gold Corporation
[{"type":"text","content":"\n\n\nALLIED GOLD ANNOUNCES SIZE AND PRICING OF OVERNIGHT MARKETED EQUITY OFFERING\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\n/NOT FOR ‎DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR THE ‎DISSEMINATION, DISTRIBUTION, ‎RELEASE OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES./\nTORONTO, Oct. 16, 2025 /CNW/ - Allied Gold Corporation (TSX: AAUC) (NYSE: AAUC) (\"Allied\" or the \"Company\") is pleased to announce pricing and terms of its previously announced overnight marketed underwritten offering (the \"Offering\") of 6,400,000 common shares (each a \"Share\") of the Company (the \"Offered Shares\") at a public offering price of C$27.35 per share for aggregate gross proceeds of approximately C$175,000,000.\nStifel Nicolaus Canada Inc., Canaccord Genuity Corp. and National Bank Financial Inc. are acting as joint bookrunners (the \"Joint Bookrunners\"), on behalf of a syndicate of underwriters made up of CIBC World Markets and Cormark Securities Inc. (collectively, together with the Joint Bookrunners, the \"Underwriters\"). The Company has granted the Underwriters an over-allotment option (the \"Over-Allotment Option\") exercisable, in whole or in part, in 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, if any.\nThe closing of the Offering is expected to occur on or about October 24, 2025, and will be subject to the completion of formal documentation and the receipt of all necessary regulatory approvals, including approval from the Toronto Stock Exchange and the New York Stock Exchange.\nThe 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 capac...