Alamos Gold completes US $250M bought deal

Alamos Gold Inc. (TSXNYSE: AGI) has completed previously announced bought deal offering of 31,450,000 common shares at a price of US $7.95 per common share for gross proceeds of US $250 million.

The offering was made by a syndicate of underwriters led by TD Securities Inc., BMO Nesbitt Burns Inc. and Macquarie Capital Markets Canada Ltd.

Torys LLP acted as Canadian and US legal counsel to Alamos Gold while Fasken Martineau DuMoulin LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as Canadian and US legal counsels to the underwriters respectively.

Alamos Gold stock traded at US $8.65 as at 2:18PM EST.

Alamos Gold intends to use the net proceeds of the offering and existing cash to repay all of its outstanding US $315 million senior secured 7.75% high yield notes maturing 2020.

Alamos Gold is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America: Young-Davidson mine in northern Ontario, and the Mulatos and El Chanate mines in Sonora State, Mexico.

photo credit: Alamos Gold

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.