Alamos Gold Announces Exercise of Red Pine Exploration Inc. Warrants
14 Décembre 2021 - 01:52AM
Alamos Gold Inc. (
TSX:AGI;
NYSE:AGI) (“Alamos” or the “Company”) today announced the
exercise of 5,299,525 common share purchase warrants (the
“Warrants") with an exercise price of CDN$0.50 per common share of
Red Pine Exploration Inc. ("Red Pine") in exchange for 5,299,525
common shares (the “Exercise”), representing approximately 4.83% of
the outstanding common shares of Red Pine.
Immediately prior to the Exercise, Alamos had beneficial
ownership of, or control and direction over, 17,414,858 common
shares and 5,299,525 Warrants of Red Pine. Assuming exercise of the
5,299,525 Warrants, Alamos had beneficial ownership of, or control
and direction over 22,714,383 common shares or 19.75% of the issued
and outstanding shares of Red Pine on a partially diluted
basis.
As a result of the Exercise, Alamos will own 22,714,383 common
shares or 19.75% of the issued and outstanding shares of Red Pine
on a partially diluted basis and no Warrants.
Alamos has acquired the Red Pine common shares for investment
purposes, which will be evaluated and increased or decreased from
time to time at Alamos' discretion. The Early Warning Report, as
required under National Instrument 62-103, contains additional
information with respect to the foregoing matters and will be filed
by the Company on Red Pine’s SEDAR profile at www.sedar.com. The
Exercise remains subject to customary approvals, including the
Toronto Stock Exchange.
About Alamos
Alamos is a Canadian-based intermediate gold producer with
diversified production from three operating mines in North America.
This includes the Young-Davidson and Island Gold mines in northern
Ontario, Canada and the Mulatos mine in Sonora State, Mexico.
Additionally, the Company has a significant portfolio of
development stage projects in Canada, Mexico, Turkey, and the
United States. Alamos employs more than 1,700 people and is
committed to the highest standards of sustainable development. The
Company’s shares are traded on the TSX and NYSE under the symbol
“AGI”.
FOR FURTHER INFORMATION (INCLUDING TO OBTAIN A COPY OF THE EARLY
WARNING REPORT REFERENCED HEREIN) PLEASE CONTACT:
Scott K. Parsons |
|
Vice President, Investor
Relations |
|
(416) 368-9932 x 5439 |
|
All amounts are in United States dollars, unless otherwise
stated.
Cautionary Note
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.
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 and reasonable assumptions of management. Readers are
asked to review the "Risk Factors" set out in Alamos Gold Inc.'s
Annual Information Forms and other 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.
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