Allied Gold Launches Major Equity Offering

Allied Gold Corporation (TSE:AAUC) has released an update.

Allied Gold Corporation has announced an overnight marketed public offering of 62 million shares at C$3.10 each, aiming to raise up to C$192.2 million. The proceeds are intended to fund growth initiatives and the expansion of the Sadiola Mine, as well as the Kurmuk construction project. The offering, set to close around October 8, 2024, will be conducted in cooperation with a syndicate of underwriters and includes an over-allotment option.

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