Alamos Gold, Inc. (TSE:AGI) has released an update.
Alamos Gold Inc. has announced a definitive agreement to acquire Argonaut Gold Inc., including Argonaut’s Magino mine and other Canadian assets. The transaction, valued at approximately US$325 million, offers Argonaut shareholders a 34% premium on their shares and will result in Alamos owning a majority stake in the combined entity. Concurrent with the acquisition, Argonaut’s US and Mexico assets will be spun off into a new company, with Alamos subscribing for a 19.9% interest.
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