Published on 1/12/2005 in the Prospect News Convertibles Daily.
New Issue: Alamos Gold prices C$45 million convertibles to yield 5.5%, up 33.8%
New York, Jan. 12 - Alamos Gold Inc. priced C$45 million of convertible senior debentures to yield 5.5% with a 33.8% conversion premium.
BMO Nesbitt Burns Inc. was lead manager for the bought-deal sale.
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$45 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: | Feb. 2
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| Manager: | BMO Nesbitt Burns Inc.
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