Alamos Gold announced that it has filed with and received acceptance from the Toronto Stock Exchange, or TSX, for a Notice of Intention to make a Normal Course Issuer Bid permitting Alamos to purchase for cancellation up to 34,670,378 Class A Common Shares representing 10% of the Company’s public float of the Common Shares as of December 14, being 346,703,788 Common Shares. As at December 14, 2022, there were 393,458,451 Common Shares issued and outstanding. A Normal Course Issuer Bid is being undertaken as the Company and its Board of Directors believe the price of its Common Shares from time to time to be not reflective of the underlying value of the Company. The Company believes it is advantageous to its shareholders to engage in repurchases of Common Shares, from time to time, when they are trading at prices which reflect a discount from their value by increasing the proportionate share of ownership of the Company to remaining shareholders.
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