AGI - Alamos Gold Announces Renewal of Normal Course Issuer Bid | Benzinga
TORONTO, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today announced that it has filed with, and received acceptance from the Toronto Stock Exchange ("TSX") of, a Notice of Intention to make a Normal Course Issuer Bid permitting Alamos to purchase for cancellation up to 34,485,405 Class A Common Shares ("Common Shares"), representing 10% of the Company's public float of the Common Shares as at December 14, 2023, being 344,854,056 Common Shares. As at December 14, 2023, there were 396,857,869 Common Shares issued and outstanding.
Alamos may purchase Common Shares under the Normal Course Issuer Bid over the twelve-month period beginning December 24, 2023 and ending December 23, 2024. Any purchases made under the Normal Course Issuer Bid will be effected through the facilities of the TSX, alternative Canadian trading systems and/or the New York Stock Exchange. The maximum number of Common Shares that Alamos may purchase on the TSX on a daily basis, other than pursuant to block purchase exceptions, is 151,045 Common Shares.
The price for any repurchased Common Shares will be the prevailing market price at the time of the purchase. All Common Shares purchased by Alamos will be cancelled. Purchase and payment for the Common Shares will be made by Alamos in accordance with the requirements of the TSX and applicable securities laws.
A Normal Course Issuer Bid is being undertaken as the Company and its Board of ...