TORONTO, June 14, 2015 /PRNewswire/ --
Alamos Gold Inc. ("Alamos")
(TSX/NYSE: AGI)and AuRico Gold Inc. ("AuRico") (TSX/NYSE:
AUQ) today announced the withdrawal of the proposed AuRico
Metals Inc. ("AuRico Metals") employee share purchase plan (the
"Plan") that was to be presented at their respective Special
Meetings of Shareholders (the "Meetings") to be held on
June 24, 2015. The original Plan for
AuRico Metals was based on the approved Plan of AuRico and while
the Plan received a positive recommendation from proxy advisory
firm Glass, Lewis & Co., LLC, Alamos and AuRico have withdrawn the Plan in
response to the recommendation made by proxy advisory firm
Institutional Shareholder Services Inc. The long term incentive
plan of AuRico Metals remains unchanged and will be presented to
Alamos and AuRico shareholders at
their respective Meetings for approval. AuRico Metals is a new
company that has been created as part of the previously announced
merger of equals between Alamos
and AuRico.
In a joint management information circular dated May 22, 2015, Alamos and AuRico disclosed the proposed Plan
for AuRico Metals to be presented to Alamos and AuRico shareholders for approval at
their respective Meetings. Approval of the plan of arrangement to
combine Alamos and AuRico and
completion of the merger is not conditional upon approval of the
Plan.
Attention Alamos and AuRico
Shareholders
AuRico and Alamos shareholders are
reminded to vote their proxy before 10:00
a.m. and 11:00 a.m. (Eastern
time), respectively, on Monday, June
22, 2015. Alamos and
AuRico's Board of Directors unanimously recommend that their
shareholders vote in favour of the proposed transaction. For more
information and assistance in voting your proxy, please contact
Kingsdale Shareholder Services at 1-800-775-5159 or by email at
contactus@kingsdaleshareholder.com.
About Alamos Gold
Alamos is an established
Canadian-based gold producer that owns and operates the Mulatos
Mine in Mexico, and has
exploration and development activities in Mexico, Turkey and the
United States. The Company employs more than 500 people and
is committed to the highest standards of sustainable development.
As of May 5, 2015, Alamos had 127,357,486 common shares
outstanding (140,164,052 shares fully diluted), which are traded on
the TSX and NYSE under the symbol "AGI".
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 Property 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.
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.
Alamos Cautionary Statement
No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained
herein. This News Release includes certain "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. These forward-looking
statements are based on forecasts of future operational or
financial results, estimates of amounts not yet determinable and
reasonable assumptions of management. Although Alamos has attempted to identify important
factors that could cause actual results to differ materially, there
may be other factors that cause results not to be as anticipated,
estimated or intended. Readers are asked to review the "Risk
Factors" set out in Alamos' Annual
Information Form and other Alamos
filings 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.
AuRico Cautionary Statement
This press release may contain forward-looking statements and
forward-looking information as defined under Canadian and U.S.
securities laws.
All statements, other than statements of historical fact, are
forward-looking statements. The words "expect", "believe",
"anticipate", "will", "intend", "estimate", "forecast", "budget"
and similar expressions identify forward-looking statements.
Forward-looking statements are necessarily based upon a number of
factors and assumptions that, while considered reasonable by
management at the time of making such statements, are inherently
subject to significant business, economic and competitive
uncertainties and contingencies. Known and unknown factors could
cause actual results to differ materially from those projected in
the forward-looking statements. Readers should refer the section
entitled the Risk Factors in our latest MD&A and other filings
available on SEDAR and EDGAR, which set out the material factors
that would cause results to differ.
please visit the Alamos and
AuRico websites at http://www.alamosgold.com and
http://www.auricogold.com or contact: Scott
Parsons, Vice President, Investor Relations, Alamos Gold
Inc., 416-368-9932 x439, sparsons@alamosgold.com; Anne Day, Vice President, Investor Relations
& Communications, AuRico Gold Inc., 647-260-8880,
anne.day@auricogold.com