All amounts are in United States dollars, unless otherwise stated
TORONTO, July 12, 2024 (GLOBE NEWSWIRE) — Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) is pleased to announce the completion of the previously announced acquisition (the “Transaction”) of all the issued and outstanding common shares of Argonaut Gold Inc. (TSX:AR) (“Argonaut”) not already held by Alamos. A Final Order was granted by the Ontario Superior Court of Justice on July 5, 2024 approving the Plan of Arrangement pursuant to which the Transaction was implemented. Approval from the Federal Economic Competition Commission in Mexico (“COFECE”) was also obtained on July 11, 2024.
As part of the Transaction, Alamos acquired Argonaut’s Magino mine, located adjacent to Alamos’ Island Gold mine in Ontario, Canada. Argonaut’s assets in the United States and Mexico have been spun out as a newly created junior gold producer…
