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ALLIED GOLD CLOSES C$192.2 MILLION OVERNIGHT MARKETED EQUITY OFFERING
ALLIED GOLD CLOSES C$192.2 MILLION OVERNIGHT MARKETED EQUITY OFFERING Canada NewsWire ...
About this update from Allied Gold Corporation
[{"type":"text","content":"\n\n\n\n ALLIED GOLD CLOSES C$192.2 MILLION OVERNIGHT MARKETED EQUITY OFFERING\n \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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n /NOT FOR ‎DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR THE ‎DISSEMINATION, DISTRIBUTION, ‎RELEASE OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO\n \n THE UNITED STATES\n \n ./\n \n\n\n\n TORONTO\n \n\n ,\n \n\n Oct. 8, 2024\n \n\n /CNW/ - Allied Gold Corporation (TSX: AAUC) (OTCQX: AAUCF) (\"Allied\" or the \"Company\") is pleased to announce that it has closed its previously announced overnight marketed public offering of common shares (the \"Offering\"). Pursuant to the Offering, the Company issued 62,000,000 common shares in the capital of the Company (the \"Shares\") at a price of\n \n C$3.10\n \n per Share for aggregate gross proceeds of\n \n C$192,200,000\n \n . The Offering was completed through a syndicate of underwriters co-led by Canaccord Genuity Corp. and National Bank Financial Inc., and including CIBC Capital Markets, Stifel Nicolaus Canada Inc., BMO Capital Markets, SCP Resource Finance LP, and Hannam & Partners (collectively, the \"Underwriters\").\n \n\n\n\n\n\n\n\n\n The Company intends to use the net proceeds of the Offering to support the funding of its optimization and growth initiatives, including in relation to all rights and obligations dealing with and allowing for continuous management, optimizations, advancements, improvements and phased expansion of the Sadiola Mine, and in respect of costs associated with the Kurmuk construction project. The Offering is part of the Company's previously announced broader financing plan, which includes a gold stream and gold prepay facility on the Kurmuk project, in...