January 29, 2013
(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
per Share (the "Purchase Price") under the Company's "modified Dutch auction" substantial issuer bid to purchase for cancellation up to
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
the United States
, respectively, and as financial advisor to AuRico.
About AuRico Gold