Allied Gold Closes C$175 Million Overnight Marketed Equity Offering

Core Viewpoint - Allied Gold Corporation has successfully completed a public offering of common shares, raising C$175,040,000 through the issuance of 6,400,000 shares at a price of C$27.35 per share [1][2]. Group 1: Offering Details - The offering was conducted through joint bookrunners Stifel Nicolaus Canada Inc., Canaccord Genuity Corp., and National Bank Financial Inc., along with a syndicate of underwriters including CIBC World Markets Inc. and Cormark Securities Inc. [1] - The shares were offered in all provinces of Canada and in the United States on a private placement basis, with an over-allotment option granted to the underwriters [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for several initiatives, including funding optimization and growth initiatives, particularly for the development of infrastructure at Sadiola, and modifications to the plant at Kurmuk to increase processing capacity [2] - Additional uses include transitioning to owner mining at one or more operations and general corporate purposes to capitalize on emerging opportunities [2]. Group 3: Company Overview - Allied Gold Corporation is a Canadian-based gold producer with a portfolio of three producing assets and development projects located in Côte d'Ivoire, Mali, and Ethiopia [7] - The company aims to progress through exploration, construction, and operational enhancements to become a mid-tier, next-generation gold producer in Africa and ultimately a leading senior global gold producer [7].