Alamos Gold Agrees to Buy GFG Securities

MT Newswires Live04-03

Alamos Gold (AGI) has agreed to buy securities in GFG Resources' private placement of premium flow-through units, GFG said Thursday.

GFG said Alamos is expected to maintain its 10.8% stake in GFG when the offering closes around May 2. The offering will include up to 9.2 million premium units at 0.2717 Canadian dollar ($0.19) each for gross proceeds of up to CA$2.5 million, according to GFG.

The company said each premium unit will consist of one common share of GFG and half of one share purchase warrant.

Each whole share purchase warrant will allow the holder to acquire an additional common share at an exercise price of CA$0.28 for up to 24 months from the issuance date, GFG said.

Shares of Alamos Gold were down 4.7% in recent premarket activity.

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