Financing ·
Allied Gold Corp announced the closing of a strategic investment by Zijin Gold International Company Limited via a…
AAUCAllied Gold Corp
Allied Gold Corp announced the closing of a strategic investment by Zijin Gold International Company Limited via a non-brokered private placement of 12,800,000 common shares at C$32.55 per share, generating aggregate gross proceeds of C$416,640,000. Following the transaction, Zijin Gold holds approximately 9.2% of Allied's issued and outstanding common shares and retains customary participation rights to maintain its pro rata equity interest until ownership falls below 5 percent on a non-diluted basis. The net proceeds will fund growth initiatives, including operational optimizations, completion and ramp-up of the Kurmuk mine, phased expansion of Sadiola, production increases at the CDI Complex, and exploration efforts across Allied's portfolio. The issued shares are subject to a four-month-and-one-day hold period ending December 11, 2026, under Canadian securities laws, with Allied's Chairman, CEO, and Vice Chairman voluntarily agreeing to lock-up agreements for the same duration. Allied Gold Corp is a Canadian-based gold producer operating a portfolio of three producing assets and development projects in Côte d'Ivoire, Mali, and Ethiopia.