May 2, 2012
Alacer Gold Corp.
[TSX: ASR and ASX: AQG]
announced the outcomes flowing from the maturity of the Company's
convertible debentures (the "Debentures") [TSX: ASR.DB] on
April 30, 2012
The Debentures were convertible, at the option of the holder, at any time prior to maturity into common shares of the Corporation at a price of
per common share.
Debentures representing a total of
were presented for conversion into common shares prior to maturity and accordingly a total of 6,695,750 shares will be issued to these holders. The remaining holders of Debentures will receive cash payments totaling
plus a final interest payment of
Following conversion of the Debentures, Alacer will have a total of 287,208,437 shares issued and outstanding and a total of 291,154,143 shares issued and outstanding on a fully diluted basis.
Alacer Gold Corp is a leading intermediate gold mining company with interests in multiple mines which provide ore to three processing facilities in
- 80% interest in the Çöpler Gold Mine;
- 100% interest in the Higginsville Gold Operations;
- 100% interest in the South Kalgoorlie Gold Operations; and
- 49% interest in the Frog's Leg Gold Mine.
Alacer's operations produced a total of 421,204 ounces of gold during 2011.
Alacer is pursuing a rapid growth strategy. The primary focus is organic growth from current operations and the Company's extensive gold and copper exploration properties in
SOURCE ALACER GOLD CORP.