Alamos Gold Completes Acquisition of Richmont Mines

20171123-Alamos-Richmont-Acquisition-Completed_FINAL

TORONTO, ONTARIO–(Marketwired – Nov. 23, 2017) – Alamos Gold Inc. (“Alamos”) (TSX:AGI) (NYSE:AGI) is pleased to announce the completion of the previously announced plan of arrangement (the “Transaction”) whereby Alamos acquired all of the issued and outstanding shares of Richmont Mines Inc. (“Richmont”) (TSX:RIC) (NYSE:RIC).

Under the terms of the Transaction, all Richmont issued and outstanding common shares were exchanged on the basis of 1.385 Alamos common shares for each Richmont common share (the “Exchange Ratio”). Upon closing, Alamos has approximately 389,059,503 Class A Shares outstanding with Alamos and Richmont shareholders owning approximately 77% and 23% of the pro forma company, respectively. Richmont’s common shares will be de-listed from the Toronto Stock Exchange (“TSX”) and the New York Stock Exchange (“NYSE”) on November 24, 2017, or shortly thereafter.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s