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ALLIED GOLD PROVIDES UPDATE ON TRANSACTIONS WITH AMBROSIA INVESTMENT HOLDING AND NYSE LISTING
ALLIED GOLD PROVIDES UPDATE ON TRANSACTIONS WITH AMBROSIA INVESTMENT HOLDING AND NYSE LISTING ...
About this update from Allied Gold Corporation
[{"type":"text","content":"\n\n\n\n ALLIED GOLD PROVIDES UPDATE ON TRANSACTIONS WITH AMBROSIA INVESTMENT HOLDING AND NYSE LISTING\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 \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n April 14, 2025\n \n\n /CNW/ - Allied Gold Corporation (TSX: AAUC) (OTCQX: AAUCF) (\n \n \"Allied\"\n \n or the\n \n \"Company\"\n \n ) announces that it will not proceed with the previously announced private placement with Ambrosia Investment Holding L.L.C – S.P.C (\"Ambrosia\") as certain conditions precedent to the completion of the private placement were not secured. As the\n \n $3.40\n \n price protection provided by the Toronto Stock Exchange for the private placement was set to expire, the Company chose not to request a further extension of the period for closing at that price. The Company considered the time and effort involved, the significant increase in gold price and its share price in the interim period, the evolution and impacts in trading liquidity and eligibility for index inclusion, as well as meaningful improvements in its business plan and outlook, all of which is expected to support a higher share price than contemplated in the private placement.\n \n\n\n\n\n\n\n\n\n Ambrosia has indicated a willingness to continue advanced discussions relating to a joint venture and long-term power supply arrangement for the Sadiola mine in\n \n Mali\n \n , substantively on terms as previously disclosed and independently of the private placement. As the Company evaluates its broader strategic objectives, alternatives and opportunities regarding Sadiola, the Company is advancing its ongoing optimizations and expansions of Sadiola with the first phase expansion expected to be completed on budget and on schedule later this year with the second phase expansion to follow after that.\n \n\n\n NYSE Listing\n \n\n\n As previously disclosed (see\n \n March 26, 2025\n \n press release), Allied is pursuing a listing on the New York Stock Exchange (\"NYSE\") and has reserved the ticker symbol \"AAUC\" in connection with ...