Allied Gold Announces Termination of Arrangement Agreement with Zijin Gold and a US$295 Million Strategic Investment in Allied Gold by Zijin Gold
Allied Gold terminated its arrangement agreement with Zijin Gold but immediately secured a US$295 million strategic investment from the same entity. Zijin subscribed for 12.8 million shares at C$32.55, representing a premium to the current market price and resulting in a 9.2% ownership stake in Allied.
Key figures
- Deal Value Usd
- 295000000
- Offering Price
- C$32.55
- Shares Offered
- 12800000
- Gross proceeds cad
- C$417 million
AI analysis
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