New York, Feb. 2 - Alamos Gold Inc. said it completed an upsized C$50 million offering of five-year convertible senior debentures, priced to yield 5.5% with a 33.8% conversion premium.
BMO Nesbitt Burns Inc. was lead manager for the bought-deal sale.
Alamos originally priced C$45 million of the securities after the close on Jan. 12 but subsequently upsized the deal in response to strong demand.
The Toronto-based gold miner will use proceeds to help fund the development of its Mulatos Project in Sonora, Mexico. Any additional proceeds will be used for exploration, working capital and general corporate purposes.
| Issuer: | Alamos Gold Inc.
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| Issue: | Convertible senior debentures
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| Amount: | C$50 million
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| Maturity: | Feb. 15, 2010
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| Coupon: | 5.5%
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| Conversion premium: | 33.8% over C$3.96 closing stock price
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| Conversion price: | C$5.30
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| Conversion ratio: | 188.6792
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| Pricing date: | Jan. 12, after close
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| Settlement date: | Feb. 2
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| Manager: | BMO Nesbitt Burns Inc.
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