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Alamos Gold Inc. Announces Credit Agreement with Standard Bank PLC |
7/27/2005 |
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Toronto, Ontario Alamos Gold Inc. (Alamos) announces that it has closed a definitive credit agreement (the Agreement) with Standard Bank PLC (Standard Bank), whereby Standard Bank has agreed to provide an unsecured revolving credit facility for general corporate purposes in the amount of US$10 million. The term is for one year and may be extended in two one-year increments with the agreement of Standard Bank. Alamos will issue to Standard Bank 350,000 common share purchase warrants at CDN$5.80 per share, exercisable for a two-year period beginning after the closing date.
Standard Bank is an international bank with a focus in providing lending and other services to companies active in the mining industry.
Alamos' common shares are traded on the Toronto Stock Exchange under the symbol “AGI” and convertible debentures under the symbol “AGI.DB”.
For further information about Alamos Gold Inc., please visit Alamos' website at www.alamosgold.com or contact:
John A. McCluskey
President and Chief Executive Officer
Tel: 416-368-9932 x203
Victoria Vargas
Investor Relations
Tel: 416-368-9932 x201
Email: vvargas@alamosgold.com
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