TORONTO, Oct. 24, 2017 /CNW Telbec/ - Alamos Gold
Inc. ("Alamos") (TSX: AGI) (NYSE: AGI) and Richmont Mines Inc.
("Richmont") (TSX: RIC) (NYSE: RIC) today announced that
Alamos and Richmont have been
granted an interim order from the Quebec Superior Court (Commercial
Division) authorizing various matters, including the holding of
special meetings of Alamos and
Richmont shareholders to consider the proposed plan of arrangement
(the "Transaction") whereby Alamos
will acquire all of the issued and outstanding shares of Richmont,
and the mailing of the joint information circular.
The special meetings of Alamos
and Richmont shareholders to consider the Transaction will be held
on November 16, 2017 at the offices
of Fasken Martineau DuMoulin LLP, 333 Bay Street, 24th Floor,
Toronto, Ontario M5H 2T6.
Richmont's special meeting will commence at 10:00 a.m. (Eastern time) followed by
Alamos' special meeting of
shareholders at 10:30 a.m. (Eastern
Time). Shareholders of record as of the close of business on
October 17, 2017 will be eligible to
vote at the special meetings.
Alamos and Richmont have
prepared a joint information circular with respect to the
Transaction which will be mailed to shareholders of record as of
October 17, 2017. The information
circular will also be available on SEDAR (www.sedar.com), EDGAR
(www.sec.gov) and the Alamos and
Richmont websites at www.alamosgold.com and
www.richmont-mines.com.
Alamos and Richmont's Board of
Directors unanimously recommend that their shareholders vote in
favor of the proposed Transaction.
About Alamos Gold Inc.
Alamos is a Canadian-based
intermediate gold producer with diversified production from three
operating mines in North America.
This includes the Young-Davidson mine in northern Ontario, Canada and the Mulatos and El Chanate
mines in Sonora State, Mexico.
Additionally, the Company has a significant portfolio of
development stage projects in Canada, Mexico, Turkey, and the
United States. Alamos
employs more than 1,300 people and is committed to the highest
standards of sustainable development. The Company's shares are
traded on the TSX and NYSE under the symbol "AGI".
About Richmont Mines Inc.
Richmont Mines currently produces gold from the Island Gold Mine
in Ontario and is also advancing
development of the significant high-grade resource extension to the
east and at depth. With more than 35 years of experience in gold
production, exploration and development, and prudent financial
management, the Corporation has successfully positioned the Island
Gold Mine to cost-effectively build its Canadian reserve base and
to enter its next phase of growth. The Corporation's shares are
traded on the TSX and NYSE under the symbol "RIC".
Cautionary Note – Forward Looking Statements
This News Release contains "forward-looking statements". All
statements other than statements of historical fact included in
this release, are forward-looking statements that involve various
risks and uncertainties and are based on forecasts of future
operational or financial results, estimates of amounts not yet
determinable and assumptions of management. Any statements that
express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words
or phrases such as "expects" or "does not expect", "is expected",
"anticipates" or "does not anticipate", "plans", "estimates" or
"intends", or stating that certain actions, events or results
"may", "could", "would", "might", "have potential" or "will" be
taken, occur or be achieved) are not statements of historical fact
and may be "forward-looking statements." Forward-looking statements
are subject to a variety of risks and uncertainties that could
cause actual events or results to differ from those reflected in
the forward-looking statements.
Please consult the section titled "Risk Factors" in Alamos' Annual Information Form and other
disclosures of "Risk Factors" by Alamos, available on SEDAR and EDGAR.
There can be no assurance that such statements will prove to be
accurate as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements.
The TSX and NYSE have not reviewed and do not
accept responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained
herein.
For further information please visit the Alamos and Richmont websites at
www.alamosgold.com or www.richmont-mines.com
SOURCE Richmont Mines