TORONTO, April 14, 2025 /CNW/ - Allied Gold Corporation (TSX:AAUC.TO) (OTCQX:AAUCF) ("Allied" or the "Company") announces that it will not proceed with the previously announced private placement with Ambrosia Investment Holding L.L.C – S.P.C ("Ambrosia") as certain conditions precedent to the completion of the private placement were not secured. As the $3.40 price protection provided by the Toronto Stock Exchange for the private placement was set to expire, the Company chose not to request a further extension of the period for closing at that price. The Company considered the time and effort involved, the significant increase in gold price and its share price in the interim period, the evolution and impacts in trading liquidity and eligibility for index inclusion, as well as meaningful improvements in its business plan and outlook, all of which is expected to support a higher share price than contemplated in the private placement.
Read more at newswire.caALLIED GOLD PROVIDES UPDATE ON TRANSACTIONS WITH AMBROSIA INVESTMENT HOLDING AND NYSE LISTING
Newswire.ca -
Press Release
All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
/Amazon%20-%20Image%20by%20bluestork%20via%20Shutterstock.jpg)
/Salesforce%20Inc%20HQ%20building-by%20JHVEPhoto%20via%20Shutterstock.jpg)
/Semiconductor%20close%20up%20by%20Yosi%20Azwan%20via%20iStock.jpg)
