Business
AuRico Gold Announces the Completion of $300 Million Substantial Issuer Bid
(all amounts are in US dollars unless otherwise indicated) TORONTO, Jan. 29, 2013 /CN...
About this update from Auq Gold Mining Inc.
[{"type":"text","content":"\n\n\n\n\n\n(all amounts are in US dollars unless otherwise indicated)\n\n\nTORONTO, Jan. 29, 2013 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), (\"AuRico\" or the \"Company\") announced today that it has taken up and\n paid for 36,144,578 common shares (\"Shares\") at a price of $8.30 per\n Share (the \"Purchase Price\") under the Company's \"modified Dutch\n auction\" substantial issuer bid to purchase for cancellation up to\n $300,000,000 of its Shares (the \"Offer\").\n\n\nThe Shares purchased represent approximately 12.8% of the Shares\n outstanding on an undiluted basis as of January 23, 2013 (the expiry\n date of the Offer). After giving effect to the purchase, as of that\n date, AuRico had 246,395,391 Shares issued and outstanding on an\n undiluted basis.\n\n\n\nShareholders that validly tendered at the Purchase Price had\n approximately 34.3% of their tendered Shares purchased by AuRico,\n except that \"odd lot\" tenders (of fewer than 100 Shares) at the\n Purchase Price were not subject to pro-ration.\n\n\nIn accordance with the terms of the Offer, Shares tendered under an\n auction tender at a price higher than the Purchase Price were not\n purchased. Any Shares not purchased under the Offer, including Shares\n tendered at prices higher than the Purchase Price or invalidly\n deposited, will be returned to shareholders promptly by Computershare\n Investor Services Inc. (the \"Depositary\"), as depositary for the Offer.\n\n\nPayment and settlement of the purchased Shares will be effected to\n registered shareholders by the Depositary on or about January 31, 2013\n in accordance with the settlement procedures described in the Offer.\n\n\nRBC Dominion Securities Inc. and, RBC Capital Markets, LLC acted as\n dealer managers in connection with the Offer in Canada and the United\n States, respectively, and as financial advisor to AuRico.\n\n\nAbout AuRico Gold\n\n\nAuRico Gold is a leading Canadian gold producer with mines and projects\n in North America that have significant production growth and\n exploration potential. The Company is focused on its core operations\n including the Young-Davidson gold mine in northern Ontario, which\n declared commercial production on September 1, 2012 and the El Chanate\n mine in Sonora State, Mexico. AuRico's project pipeline also includes\n advanced development opportunities in Mexico...