Allied Gold closes C$416.64 million share subscription by Zijin Gold
AAUC•Proceeds earmarked for growth projects
The company said the funds will be used for growth projects, including the Kurmuk ramp-up, Sadiola expansion, and CDI production increases.
Zijin Gold ownership and lock-up terms
Zijin Gold now holds about 9.2% of the issued common shares. Participation and top-up rights apply until its stake drops below 5%.
The new shares carry a four-month-and-one-day hold period ending Dec. 11, 2026. The chairman-CEO and vice chairman also agreed to matching lock-ups.
Allied Gold closes share subscription with Zijin Gold
Allied Gold closed a non-brokered private placement with Zijin Gold International for 12,800,000 common shares at C$32.55 each.
Gross proceeds totaled C$416.64 million.
