TORONTO, April 20, 2015 /PRNewswire/ --
AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ),("AuRico" or the
"Company") today announced the closing of its previously announced
non-brokered private placement pursuant to which Alamos Gold Inc.
subscribed for approximately 27.9 million common shares of AuRico,
representing approximately 9.9% of AuRico's outstanding common
shares after giving effect to the private placement. The common
shares were acquired at a price of US$2.99 per share, equal to AuRico's closing
price on the New York Stock Exchange on April 10, 2015, for total gross proceeds to
AuRico of approximately US$83.3
million.
The net proceeds from the private placement will be used by the
Company for the advancement of its exploration and development
projects and for general working capital.
The common shares issued pursuant to the private placement are
subject to the Canadian resale rules which include a four-month
restricted period before the common shares may become
freely-tradeable within Canada.
About AuRico Gold
AuRico Gold is a leading Canadian gold producer with mines and
projects in North America that
have significant production growth and exploration potential.
The Company is focused on its core operations including the
cornerstone Young-Davidson gold mine in northern Ontario, and the El Chanate mine in Sonora
State, Mexico. AuRico's project
pipeline also includes the advanced development Kemess Underground
Project in northern British
Columbia and the Lynn Lake Gold Camp in northern
Manitoba. The Company also has
other exploration opportunities in Canada and Mexico. AuRico's head office is located in
Toronto, Ontario, Canada.
For further information please visit the AuRico Gold website at
http://www.auricogold.com or contact: Anne
Day, Vice President, Investor Relations and Communications,
AuRico Gold Inc., 1-647-260-8880