Business
Alacer Gold announces decision to pursue sale of Australian assets
TORONTO , June 12, 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, June 12, 2013 /CNW/ - Alacer Gold Corp. (\"Alacer\") [TSX: ASR and ASX: AQG] announces today that it has initiated a process to pursue a sale of its\n Australian assets.\n\n\nMr. David Quinlivan, President and Chief Executive Officer of Alacer\n stated, \"Alacer has recently received confidential, non-binding\n expressions of interest from several parties interested in purchasing\n its Australian assets. The sale of the Australian assets would enable\n the company to focus on its high margin operations and exploration\n activities at its world class Çöpler Mine in Turkey.\"\n\n\nThe timing and outcome of any sale is uncertain. Alacer will keep the\n market informed of material developments.\n\n\nAbout Alacer \n\n\nAlacer is a leading mid-tier gold producer with mines and processing\n facilities in Turkey and Australia:\n\n\n\n\n\n80% interest in the Çöpler Gold Mine;\n\n\n100% interest in the Higginsville Gold Operations; and\n\n\n100% interest in the South Kalgoorlie Gold Operations.\n\n\n\n\n\nAlacer's primary focus is to maximize portfolio value, maximize free\n cash flow, minimize project risk, and returning value to shareholders.\n Alacer is committed to responsibly developing its current operations\n and focused exploration programs 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, the ability of Alacer to sell its Australian assets; the sale\n of Alacer'...