This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AuRico Gold Announces The Completion Of $300 Million Substantial Issuer Bid

TORONTO, January 29, 2013 /PRNewswire/ --

(all amounts are in US dollars unless otherwise indicated)

AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), ("AuRico" or the "Company") announced today that it has taken up and paid for 36,144,578 common shares ("Shares") at a price of $8.30 per Share (the "Purchase Price") under the Company's "modified Dutch auction" substantial issuer bid to purchase for cancellation up to $300,000,000 of its Shares (the "Offer").

The Shares purchased represent approximately 12.8% of the Shares outstanding on an undiluted basis as of January 23, 2013 (the expiry date of the Offer). After giving effect to the purchase, as of that date, AuRico had 246,395,391 Shares issued and outstanding on an undiluted basis.

Shareholders that validly tendered at the Purchase Price had approximately 34.3% of their tendered Shares purchased by AuRico, except that "odd lot" tenders (of fewer than 100 Shares) at the Purchase Price were not subject to pro-ration.

In accordance with the terms of the Offer, Shares tendered under an auction tender at a price higher than the Purchase Price were not purchased. Any Shares not purchased under the Offer, including Shares tendered at prices higher than the Purchase Price or invalidly deposited, will be returned to shareholders promptly by Computershare Investor Services Inc. (the "Depositary"), as depositary for the Offer.

Payment and settlement of the purchased Shares will be effected to registered shareholders by the Depositary on or about January 31, 2013 in accordance with the settlement procedures described in the Offer.

RBC Dominion Securities Inc. and, RBC Capital Markets, LLC acted as dealer managers in connection with the Offer in Canada and the United States, respectively, and as financial advisor to AuRico.

About AuRico Gold

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,121.49 -41.50 -0.23%
S&P 500 2,120.22 -3.26 -0.15%
NASDAQ 5,096.4520 -10.1410 -0.20%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs