TORONTO, August 22, 2016 /PRNewswire/ --
/NOT FOR DISTRIBUTION TO U.S.
NEWS SERVICES OR DISSEMINATION IN THE
UNITED STATES/
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.
The net proceeds from the Offering will be used to fund the
potential acquisition of additional royalties, the advancement of
permitting activities and detailed engineering at the Kemess
Underground project, as well as for working capital and general
corporate purposes.
The securities offered have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold
in the United States absent
registration or any applicable exemption from the registration
requirements. This press release does not constitute an offer to
sell or the solicitation of an offer to buy nor will there be any
sale of the securities in any state in which such offer,
solicitation or sale would be unlawful.
About AuRico Metals
AuRico Metals is a mining royalty and development company whose
producing gold royalty assets include a 1.5% NSR royalty on the
Young-Davidson Gold Mine, a 0.25% NSR royalty on the Williams Mine
at Hemlo, and a 0.5% NSR royalty
on the Eagle River Mine - all located in Ontario, Canada. AuRico Metals also has a 2%
NSR royalty on the Fosterville Mine and a 1% NSR royalty on the
Stawell Mine, located in Victoria,
Australia. Aside from its diversified royalty portfolio,
AuRico owns (100%) the advanced Kemess Gold-Copper Project in
British Columbia,
Canada. AuRico Metals' head office is located in Toronto, Ontario, Canada.
Cautionary Statement
This news release contains "forward-looking information" which may
include, but is not limited to, statements with respect to the
future financial or operating performance of the Company and its
projects, as well as the use of proceeds from the Offering. Often,
but not always, forward-looking statements can be identified by the
use of words such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates", or
"believes" or variations (including negative variations) of such
words and phrases, or state that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be
achieved. Forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. Forward-looking statements contained herein are made as
of the date of this press release and the Company disclaims any
obligation to update any forward-looking statements, whether as a
result of new information, future events or results or otherwise.
There can be no assurance that forward-looking statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. The
Company undertakes no obligation to update forward-looking
statements if circumstances, management's estimates or opinions
should change, except as required by securities legislation.
Accordingly, the reader is cautioned not to place undue reliance on
forward-looking statements. The Company believes that, in addition
to conventional measures prepared in accordance with IFRS, certain
investors use this information to evaluate the Company's
performance and ability to generate cash flow.
please visit the AuRico Metals website at
http://www.auricometals.ca or contact: Chris Richter, President and Chief Executive
Officer, AuRico Metals Inc., +1-416-216-2780,
chris.richter@auricometals.ca; David Flahr, Vice President,
Finance, AuRico Metals Inc., +1-416-216-2780,
david.flahr@auricometals.ca