Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item |
AuRico offers to purchase 3.5% convertible notes due 2016 at par
By Jennifer Chiou
New York, Nov. 23 - AuRico Gold Inc. said that it notified holders of its 3.5% convertible senior notes due 2016 of an offer to purchase the securities due to a fundamental change.
The company will pay par in cash plus accrued interest on Dec. 23.
Those interested in surrendering their notes will have until 5 p.m. ET on Dec. 21.
In October, AuRico acquired Northgate Minerals Corp., and Northgate's 3.5% convertibles became convertible into AuRico shares.
As reported, AuRico agreed on Aug. 29 to acquire all of the outstanding shares of Northgate. Shareholders received 0.365 of an AuRico common share for each common share of Northgate.
Bank of New York Mellon is the depositary, tender agent and paying agent (attn: David Mauer at 212 815-3687).
AuRico is a precious metals producer based in Toronto.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.