Skip to main content
This website uses cookies. By continuing to use this website you are agreeing to our use of cookies as described in our privacy policy.
Client Work

Alamos Gold and AuRico Gold to Combine Creating Leading Intermediate Gold Producer With a Transaction Equity Value of US$1.5 billion

Fasken
Reading Time 2 minute read Subscribe
Client

AuRico Gold Inc.

On April 13, 2015, Alamos Gold Inc. and AuRico Gold Inc. announced that they have entered into a definitive agreement on combining their companies to create a new, intermediate gold producer. The transaction is structured as a merger of equals with a transaction equity valued at approximately US$1.5 billion. In addition, a new company, to be named AuRico Metals Inc., will be created to hold AuRico’s Kemess project, a 1.5% net smelter return royalty on the Young-Davidson mine, AuRico’s Fosterville and Stawell royalties, and will be capitalized with US$20 million of cash. The proposed transaction will be completed pursuant to a plan of arrangement and will require the approval of 66 2/3% of Alamos shareholders and 66 2/3% of AuRico shareholders. The directors and officers of Alamos and AuRico have entered into support agreements pursuant to which they agreed to vote their shares in favor of the proposed transaction. AuRico Gold is a leading Canadian Gold producer with projects including the Young-Davidson mine in northern Ontario and the El Chanate mine in Mexico. AuRico Gold Inc. is being advised by a team of Fasken Martineau lawyers that includes John Turner, Krisztian Toth, Johanna Fipke, Richard Steinberg, Chris Steeves,  Jessica Catton, Alex Nikolic, Jesse Bertollo, David Steinhauer, Huy Do, Jack Yu, Steve Catania, Myroslav Chwaluk, Samuel Rickett, Christopher Rae, Thomas Brook and Corum Van Esch. 

    Subscribe

    Receive email updates from our team

    Subscribe