Alamos Gold has received approval from the Toronto Stock Exchange to repurchase up to 5% of its outstanding shares.
TSX :AGI; NYSE:AGI ) (“Alamos” or the “Company”) today announced that it has filed with, and received acceptance from the Toronto Stock Exchange (“ TSX ”) of, a Notice of Intention to make a Normal Course Issuer Bid permitting Alamos to purchase for cancellation up to 18,605,661 Class A Common Shares (“Common Shares”), representing 5% of the Company’s public float of the Common Shares, outstanding as at December 13, 2024. This represents approximately 4.
4% of the Company’s total issued and outstanding Common Shares, as at December 13, 2024. The Company’s public float was 372,113,224 Common Shares and total issued and outstanding Common Shares was 420,282,115 Common Shares. Alamos may purchase Common Shares under the Normal Course Issuer Bid over the twelve-month period beginning December 24, 2024 and ending December 23, 2025. Any purchases made under the Normal Course Issuer Bid will be effected through the facilities of the TSX, alternative Canadian trading systems and/or the New York Stock Exchange. The maximum number of Common Shares that Alamos may purchase on the TSX on a daily basis, other than pursuant to block purchase exceptions, is 191,171 Common Shares. The price for any repurchased Common Shares will be the prevailing market price at the time of the purchase. All Common Shares purchased by Alamos will be cancelled. Purchase and payment for the Common Shares will be made by Alamos in accordance with the requirements of the TSX and applicable securities laws. 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 shareholder
Alamos Gold Stock Repurchase Normal Course Issuer Bid TSX Market Value
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Granada Gold Mine Inc. Announces Private Placement and Highlights Granada Gold PropertyGranada Gold Mine Inc. announced a non-brokered private placement of 5.71 million Quebec Flow-Through Shares to raise $200,000. Proceeds will be used for exploration on the Granada Gold Property near Rouyn-Noranda, Quebec. The company provided updates on the property, highlighting its potential and ongoing exploration activities.
Read more »
Elon Musk Gloats as Trump Announces Billionaires Will Be Exempt From Normal Environmental RulesScience and Technology News and Videos
Read more »
79 Resources Ltd. Announces Name Change to Rottenstone Gold Inc.Vancouver-based junior mining exploration company 79 Resources Ltd. is changing its name to Rottenstone Gold Inc. effective December 23, 2024. The company's common shares will begin trading on the Canadian Securities Exchange under the new name and symbol.
Read more »
Canadian Gold Resources Announces Non-Brokered Private PlacementCanadian Gold Resources Ltd. is pleased to announce a non-brokered private placement of up to 7,500,000 flow-through units and up to 1,000,000 non flow-through units to raise up to $2,500,000. Proceeds will be used for bulk sampling, exploration at the Lac Arsenault property and other gold projects in Quebec, and general working capital.
Read more »
Gold Glove former Giants shortstop Brandon Crawford announces retirement after 14 major league seasonsBrandon Crawford is retiring after 14 major league seasons, all but one of those played with his hometown San Francisco Giants as a slick-fielding shortstop and fan favorite.
Read more »
Ex-Cardinals Four-Time Gold Glover Announces Retirement Ending 14-Year CareerA former St. Louis Cardinals four-time Gold Glove defender announced his retirement from Major League Baseball on Wednesday in a sincere Instagram post.
Read more »