|
Alamos Gold Inc. Announces New Issue |
1/12/2005 |
|
Download this Press Release
|
Toronto, Ontario - January 12th, 2005 - Alamos Gold Inc. (TSX: AGI) ("Alamos") announces that it has entered into an agreement to sell to a syndicate of underwriters on an bought deal basis $45 million aggregate principal amount of 5.50% convertible senior debentures due February 15, 2010 (the "Debentures"). The Debentures will bear interest at a rate of 5.50% per annum, and will be convertible at the option of the holder into common shares of Alamos Gold at a conversion rate of 188.6792 common shares per $1,000 principal amount of Debentures, which is equal to a conversion price of approximately $5.30 per common share. The offering is expected to close on or about February 2, 2005.
The net proceeds of the offering will be used to assist in funding the development of the Mulatos Project in Sonora, Mexico. Any additional net proceeds will be used for exploration, 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 an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
Alamos's common shares are traded on the Toronto Stock Exchange under the symbol "AGI".
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
Email: jmccluskey@alamosgold.com
Victoria Vargas de Szarzynski
Investor Relations
Tel: 416-368-9932 x201
Email: vvargas@alamosgold.com
|
|