TORONTO, Aug. 22, 2016 /CNW/ – AuRico Metals Inc. (TSX: AMI),(“AuRico” or the “Company”) announces that it has closed its previously announced bought deal offering of 11,500,000 common shares at a price of C$1.00 per common share, which includes 1,500,000 common shares issued pursuant to the exercise in full of the over-allotment option (the “Offering”).
The shares were purchased on a bought deal basis by a syndicate of underwriters (the “Underwriters”) co-led by National Bank Financial Inc. and Macquarie Capital Markets Canada Ltd., and included Mackie Research Capital Corporation, Canaccord Genuity Corp., Dundee Securities Ltd., and Paradigm Capital Inc.
In addition, Alamos Gold Inc. exercised its participation right to maintain its pro rata interest in full pursuant to a concurrent private placement undertaken in connection with the Offering for 1,272,611 common shares. As a result, combined gross proceeds raised by the Company totaled C$12,772,611.