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Mining News May 25, 2023 01:15:52 PM

Alamos Gold Announces Closing of Manitou Gold Acquisition

Paul Ploumis
ScrapMonster Author
Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America.
Alamos Gold Announces Closing of Manitou Gold Acquisition

SEATTLE (Scrap Monster): Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported the completion of the previously announced acquisition (the “Transaction”) of all the issued and outstanding common shares of Manitou Gold Inc. (TSXV:MTU) (“Manitou”). A Final Order was granted by the Ontario Superior Court of Justice on May 19, 2023 approving the Plan of Arrangement pursuant to which the Transaction was implemented.

“We are very pleased to announce the closing of the Manitou Gold acquisition through which we are more than tripling our land package around the Island Gold Mine and adding significant exploration potential in a relatively underexplored segment of the Michipicoten Greenstone Belt,” said John A. McCluskey, President and Chief Executive Officer.

Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos mine in Sonora State, Mexico. Additionally, the Company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 1,900 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”.

Courtesy: www.indiashorts.com

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