AuRico Gold sells Ocampo Mine to Minera Frisco for US$750 million

AuRico Gold Inc. (“AuRico”) has entered into an agreement to sell the Ocampo Mine and its adjacent exploration projects, Venus and Los Jarros, as well as 50% interest in the Orion advanced development project to Minera Frisco, S.A.B. de C.V (“Minera Frisco”) for $750 million in cash (the “transaction”). Certain closing conditions apply to this transaction, including a standard review by the competition and anti-trust commission of Mexico and the approval of a majority of Minera Frisco’s shareholders. The transaction is expected to close in December 2012. Fasken Martineau acted as counsel to AuRico Gold, with a team that included Krisztian Toth, John Turner, Greg Ho Yuen, Susan Newell and Jessica Catton.