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Allied Nevada Gold Corp Announces Closing Of Bought Deal Financing


Friday, 17 May 2013 09:20am EDT 

Allied Nevada Gold Corp announced that it has closed its previously announced bought deal equity financing (the Financing), with a syndicate of underwriters, led by Dundee Securities Ltd. and including Cormark Securities Inc. In connection with the closing, a total of 14,000,000 shares of common stock of the Company were issued, at a price of $10.75 per share for aggregate gross proceeds of $150,500,000. The Underwriters have the option, exercisable in whole or in part at any time up to 30 days after the closing of the offering, to purchase up to an additional 2,100,000 shares of common stock at a price of $10.75 per share. In the event that the over-allotment option is exercised in its entirety, the aggregate gross proceeds of the offering to the Company will be $173,075,000. The Company intends to use the net proceeds of the offering to fund capital expenditures at its Hycroft Mine and for general corporate purposes. 

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