Business
Alacer Gold Announces Approval of Australian Business Unit Sale
TORONTO , Oct. 24, 2013 /CNW/ - Alacer Gold Corp. ( "Alacer" ) (TSX: ASR) and (ASX: A...
About this update from Allied Strategic Resources Corp
[{"type":"text","content":"\n\n\nTORONTO, Oct. 24, 2013 /CNW/ - Alacer Gold Corp. (\"Alacer\") (TSX: ASR) and (ASX: AQG) is pleased to announce that the Australian Foreign Investment Review\n Board has approved the sale of Alacer's Australian Business Unit (which\n includes the Higginsville and South Kalgoorlie Operations) to a\n subsidiary of Metals X Limited, an Australian public company with\n shares listed on the ASX (ASX: MLX).\n\n\nPursuant to the terms of the share sale agreement, the transaction is\n expected to close within five business days.\n\n\nAbout Alacer \n\n\nAlacer Gold Corp. is a leading intermediate gold mining company with\n interests in multiple mines which provide ore to three processing\n facilities in Australia and Turkey:\n\n\n\n80% interest in the Çöpler Mine;\n\n\n100% interest in the Higginsville Operations; and\n\n\n100% interest in the South Kalgoorlie Operations.\n\n\n\nAlacer's primary focus is to maximize portfolio value, maximize free\n cash flow, minimize project risk, and return value to shareholders. \n Alacer has a strong balance sheet and is committed to responsibly\n developing its current operations and focused exploration programs\n creating value.\n\n\nCautionary Statements\n\n\nExcept for statements of historical fact relating to Alacer, certain\n statements contained in this press release constitute forward-looking\n information, future oriented financial information, or financial\n outlooks (collectively \"forward-looking information\") within the\n meaning of Canadian securities laws. Forward-looking information may be\n contained in this document and other public filings of Alacer.\n Forward-looking information often relates to statements concerning\n Alacer's future outlook and anticipated events or results and, in some\n cases, can be identified by terminology such as \"may\", \"will\", \"could\",\n \"should\", \"expect\", \"plan\", \"anticipate\", \"believe\", \"intend\",\n \"estimate\", \"projects\", \"predict\", \"potential\", \"continue\" or other\n similar expressions concerning matters that are not historical facts.\n\n\nForward-looking information includes statements concerning, among other\n things, whether the sale transaction will be completed; the continued\n listing of Alacer shares on the ASX; the generation of free cash flow\n and payment of dividends; matters relating to prop...