Monday, September 11, 2017

Alamos Gold Inc. - AGI.t

Alamos Gold Inc. - AGI.t operates the Young-Davidson Mine in Canada, the Mulatos Mine and El Chanate mines both in Mexico.

The company expects combined diversified gold production of over 500 koz at all-in sustaining costs of ~$900/oz

On September 11, 2017 the company reported NEWS

Alamos Gold Inc. ("Alamos") (TSX:AGI)(NYSE:AGI) and Richmont Mines Inc. ("Richmont") (TSX:RIC)(NYSE:RIC) are pleased to announce that they have entered into a definitive agreement (the "Agreement") whereby Alamos will acquire all of the issued and outstanding shares of Richmont pursuant to a plan of arrangement (the "Transaction"), further enhancing Alamos' position as a leading intermediate gold producer.

Under the terms of the Agreement, all of the Richmont issued and outstanding common shares will be exchanged on the basis of 1.385 Alamos common shares for each Richmont common share (the "Exchange Ratio"). The Exchange Ratio implies consideration of C$14.20 per Richmont common share, based on the closing price of Alamos common shares on the Toronto Stock Exchange ("TSX") on September 8, 2017. This represents a 22% premium to Richmont's closing price and a 32% premium based on both companies' 20-day volume-weighted average prices, both as at September 8, 2017 on the TSX. This implies a total equity value of approximately US$770 million on a fully diluted in-the-money basis and an enterprise value of US$683 million.













http://canadastockjournal.blogspot.com/2016/02/alamos-gold-inc-agit.html