Alamos Gold and AuRico Gold announced that shareholders of both companies have overwhelmingly voted in favor of the plan to combine the two companies. The merger was approved by approximately more than 90% of votes cast by Alamos shareholders and nearly 99% of votes cast by AuRico shareholders.
“Through our merger with AuRico, we have built a strong platform for delivering shareholder value with diversified North American gold production, and a solid low-cost development pipeline supported by a strong balance sheet. Shareholders have recognized the compelling attributes of the combined company with overwhelming support for the transaction,” said John A. McCluskey, president and CEO of Alamos.
“We are pleased that shareholders of both companies have sent such a clear message in support of the transaction. The combination of these companies will create a new leading intermediate gold producer with a diversified asset base and a growing cash flow profile,” said Scott Perry, president and CEO of AuRico. The transaction is now expected to close July 2, subject to applicable regulatory approvals and the satisfaction of other customary conditions.