/NOT FOR DISTRIBUTION TO UNITED
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DISTRIBUTION, RELEASE OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES./
TORONTO, Oct. 18,
2024 /CNW/ - Allied Gold Corporation (TSX: AAUC,
OTCQX: AAUCF) ("Allied" or the "Company") announces that the
over-allotment option relating to the overnight marketed public
offering of common shares has been exercised and the offering was
completed today. The over-allotment shares were issued pursuant to
the (final) short form prospectus supplement (the "Prospectus
Supplement") dated October 3, 2024,
to the Company's short form base shelf prospectus dated
October 1, 2024 (the "Base Shelf
Prospectus").
This press release is not an offer or a solicitation of an offer
of securities for sale in the United
States. The common shares have not been and will not be
registered under the U.S. Securities Act of 1933, as amended, and
may not be offered or sold in the United
States absent registration or an applicable exemption from
registration.
Copies of the Prospectus Supplement and the
accompanying Base Shelf Prospectus are available on SEDAR+ at
www.sedarplus.ca. Alternatively, the Prospectus Supplement and the
accompanying Base Shelf Prospectus may be obtained free of charge
upon request by contacting the Chief Legal Officer and Corporate
Secretary of Allied Gold Corporation at Royal Bank Plaza, North
Tower, 200 Bay Street, Suite 2200, Toronto, Ontario M5J 2J3, telephone
416-363-4435, or by email at ir@alliedgold.com.
About Allied Gold Corporation
Allied is a Canadian-based gold producer with a significant
growth profile and mineral endowment, operating a portfolio of
three producing assets and development projects located in Côte
d'Ivoire, Mali, and Ethiopia. Led by a team of mining executives
with operational and development experience and a proven track
record of creating value, Allied is progressing 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.
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION
AND STATEMENTS
This press release contains "forward-looking information" under
applicable Canadian securities legislation. Except for statements
of historical fact relating to the Company, information contained
herein constitutes forward-looking information, including, but not
limited to, any information as to the Company's strategy,
objectives, plans or future financial or operating performance.
Forward-looking statements are characterized by words such as
"plan", "expect", "budget", "target", "project", "intend",
"believe", "anticipate", "estimate" and other similar words or
negative versions thereof, or statements that certain events or
conditions "may", "will", "should", "would" or "could" occur.
Forward-looking information included in this press release
includes, without limitation, statements with respect to the
Company's goals to become a mid-tier, next-generation gold producer
in Africa and ultimately a leading
senior global gold producer. Forward-looking information is based
on the opinions, assumptions and estimates of management considered
reasonable at the date the statements are made, and is inherently
subject to a variety of risks and uncertainties and other known and
unknown factors that could cause actual events or results to differ
materially from those projected in the forward-looking information.
These factors include the fluctuating price of gold; risks relating
to the exploration, development and operation of mineral
properties, including but not limited to unusual and unexpected
geologic conditions and equipment failures; risks relating to
operating in emerging markets, particularly Africa, including risk of government
expropriation or nationalization of mining operations; risks
related to the Company's expansion and optimization plans not being
met within the timeframe anticipated, or at all; counterparty,
credit, liquidity and interest rate risks and access to financing;
risks related to the Company's current alternative financing
initiatives not being met within the timeframes anticipated, or at
all; health, safety and environmental risks and hazards to which
the Company's operations are subject; the Company's ability to
maintain or increase present level of gold production; risks
related to dependence on products produced from the Company's key
mining assets; cost and availability of commodities; increases in
costs of production, such as fuel, steel, power, labour and other
consumables; risks associated with infectious diseases; uncertainty
in the estimation of Mineral Reserves and Mineral Resources; the
Company's ability to replace and expand Mineral Resources and
Mineral Reserves, as applicable, at its mines; factors that may
affect the Company's future production estimates, including but not
limited to the quality of ore, production costs, infrastructure and
availability of workforce and equipment; risks relating to partial
ownerships and/or joint ventures at the Company's operations;
reliance on the Company's existing infrastructure and supply chains
at the Company's operating mines; risks relating to the
acquisition, holding and renewal of title to mining rights and
permits, and changes to the mining legislative and regulatory
regimes in the Company's operating jurisdictions; fluctuating price
of gold; limitations on insurance coverage; risks relating to
illegal and artisanal mining; the Company's compliance with
anti-corruption laws; risks relating to the development,
construction and start-up of new mines, including but not limited
to the availability and performance of contractors and suppliers,
the receipt of required governmental approvals and permits, and
cost overruns; risks relating to acquisitions and divestures; title
disputes or claims; risks relating to the termination of mining
rights; risks relating to security and human rights; risks
associated with processing and metallurgical recoveries; risks
related to enforcing legal rights in foreign jurisdictions;
competition in the precious metals mining industry; risks related
to the Company's ability to service its debt obligations;
fluctuating currency exchange rates (including the US Dollar, Euro,
West African CFA Franc and Ethiopian Birr exchange rates); risks
related to the Company's investments and use of derivatives;
taxation risks; scrutiny from non-governmental organizations;
labour and employment relations; risks related to third-party
contractor arrangements; repatriation of funds from foreign
subsidiaries; community relations; risks related to relying on
local advisors and consultants in foreign jurisdictions; the impact
of global financial, economic and political conditions, global
liquidity, interest rates, inflation and other factors on the
Company's results of operations and market price of common shares;
risks associated with financial projections; force majeure events;
transactions that may result in dilution to common shares; future
sales of common shares by existing shareholders; the Company's
dependence on key management personnel and executives;
vulnerability of information systems including cyber attacks; as
well as those factors discussed in the section entitled "Economic
Trends, Business Risks and Uncertainties" in the Company's interim
management's discussion and analysis for the three and six months
ended June 30, 2024 and the section
entitled "Risk Factors" in the Company's annual information form
for the year ended December 31, 2023,
both of which are available at www.sedarplus.ca.
Although the Company has attempted to identify important factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking information,
there may be other factors that could cause actions, events or
results to not be as anticipated, estimated or intended. There can
be no assurance that forward-looking information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. The Company
undertakes no obligation to update forward-looking information if
circumstances or management's estimates, assumptions or opinions
should change, except as required by applicable law. The reader is
cautioned not to place undue reliance on forward-looking
information. The forward-looking information contained herein is
presented for the purpose of assisting investors in understanding
the Company's plans and goals and may not be appropriate for other
purposes.
SOURCE Allied Gold Corporation
