Alamos Gold Announces Closing of Quartz Mountain Project Sale

Core Viewpoint - Alamos Gold Inc. has successfully closed a transaction to sell its option to earn a 100% interest in the Quartz Mountain Gold Project to Q-Gold Resources Ltd. for total consideration of up to $21 million, which includes cash and/or common shares of Q-Gold, along with an equity interest in Q-Gold [1][2]. Group 1: Transaction Details - Alamos received $2.85 million in cash and 13,924,702 common shares of Q-Gold, representing 9.99% of the issued and outstanding common shares of Q-Gold [2]. - The remaining consideration of up to $18.15 million will be payable in cash or common shares of Q-Gold, at Alamos' election, consisting of $8.15 million in guaranteed payments over three years and $10 million in milestone payments [2]. Group 2: Company Overview - Alamos Gold Inc. is a Canadian-based intermediate gold producer with diversified production from three operations in North America, including the Island Gold District and Young-Davidson mine in Ontario, Canada, and the Mulatos District in Mexico [3]. - The company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold and the Lynn Lake project in Manitoba, Canada, and employs over 2,400 people [3].