TORONTO, June 24, 2015 /PRNewswire/ - Alamos Gold Inc.
("Alamos") (TSX/NYSE:AGI) and AuRico Gold Inc. ("AuRico")
(TSX/NYSE: AUQ) are pleased to announce that shareholders of
both companies have overwhelmingly voted in favour of the plan of
arrangement ("Arrangement") to combine the two companies at their
respective special meetings of shareholders held earlier
today.
The Arrangement was approved by approximately 90.56% of votes
cast by Alamos shareholders and
98.83% of votes cast by AuRico shareholders. The long term
incentive plan of AuRico Metals Inc., a new company being created
as part of the Arrangement, also received approval of approximately
86.39% of Alamos and 95.99% of
AuRico shareholder votes cast. Additionally, approximately 99.26%
of votes cast by Alamos
shareholders were in favour of the continuance of Alamos from British
Columbia to Ontario under
the Business Corporations Act of Ontario. A copy of the complete report on
voting for each of AuRico and Alamos will be made available on SEDAR and
EDGAR.
The Arrangement is expected to close July
2, 2015, subject to applicable regulatory approvals and the
satisfaction of other customary conditions.
"Through our merger with AuRico, we have built a strong platform
for delivering shareholder value with diversified North American
gold production, and a solid low-cost development pipeline
supported by a strong balance sheet. Shareholders have recognized
the compelling attributes of the combined company with overwhelming
support for the transaction," said John A.
McCluskey, President and Chief Executive Officer of
Alamos.
"We are pleased that shareholders of both companies have sent
such a clear message in support of the transaction. The combination
of these companies will create a new leading intermediate gold
producer with a diversified asset base and a growing cash flow
profile. Shareholders will also gain exposure to the newly created
AuRico Metals and the significant unlocked value in the highly
prospective Kemess project that is underpinned by high quality
royalty revenue," said Scott Perry,
President and Chief Executive Officer of AuRico.
About Alamos Gold
Alamos is an established
Canadian-based gold producer that owns and operates the Mulatos
Mine in Mexico, and has
exploration and development activities in Mexico, Turkey and the
United States. The Company employs more than 500 people and
is committed to the highest standards of sustainable development.
As of May 5, 2015, Alamos had 127,357,486 common shares
outstanding (140,164,052 shares fully diluted), which are traded on
the TSX and NYSE under the symbol "AGI".
About AuRico Gold
AuRico Gold is a leading Canadian
gold producer with mines and projects in North America that have significant production
growth and exploration potential. The Company is focused on its
core operations including the cornerstone Young-Davidson gold mine in northern Ontario, and the El Chanate mine in Sonora
State, Mexico. AuRico's project
pipeline also includes the advanced development Kemess Property in
northern British Columbia and the
Lynn Lake Gold Camp in northern Manitoba. The Company also has other
exploration opportunities in Canada and Mexico. AuRico's head office is located in
Toronto, Ontario, Canada.
The TSX and NYSE have not reviewed and do not accept
responsibility for the adequacy or accuracy of this release. No
stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained
herein.
Alamos Cautionary Statement
No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained
herein. This News Release includes certain "forward-looking
statements". All statements other than statements of historical
fact included in this release are forward-looking statements that
involve various risks and uncertainties. These forward-looking
statements are based on forecasts of future operational or
financial results, estimates of amounts not yet determinable and
reasonable assumptions of management. Although Alamos has attempted to identify important
factors that could cause actual results to differ materially, there
may be other factors that cause results not to be as anticipated,
estimated or intended. Readers are asked to review the "Risk
Factors" set out in Alamos' Annual
Information Form and other Alamos
filings available on SEDAR and EDGAR. There can be no assurance
that such statements will prove to be accurate as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking statements.
AuRico Cautionary Statement
This press release may contain forward-looking statements and
forward-looking information as defined under Canadian and U.S.
securities laws.
All statements, other than statements of historical fact, are
forward-looking statements. The words "expect", "believe",
"anticipate", "will", "intend", "estimate", "forecast", "budget"
and similar expressions identify forward-looking statements.
Forward-looking statements are necessarily based upon a number of
factors and assumptions that, while considered reasonable by
management at the time of making such statements, are inherently
subject to significant business, economic and competitive
uncertainties and contingencies. Known and unknown factors could
cause actual results to differ materially from those projected in
the forward-looking statements. Readers should refer the section
entitled the Risk Factors in our latest MD&A and other filings
available on SEDAR and EDGAR, which set out the material factors
that would cause results to differ.
SOURCE AuRico Gold Inc.
