TORONTO, June 12, 2013 /CNW/ - Alacer Gold Corp. ( "Alacer") [TSX: ASR and ASX: AQG] announces today that it has initiated a process to pursue a sale of its Australian assets.
Mr. David Quinlivan, President and Chief Executive Officer of Alacer stated, "Alacer has recently received confidential, non-binding expressions of interest from several parties interested in purchasing its Australian assets. The sale of the Australian assets would enable the company to focus on its high margin operations and exploration activities at its world class Çöpler Mine in Turkey."
The timing and outcome of any sale is uncertain. Alacer will keep the market informed of material developments.
About AlacerAlacer is a leading mid-tier gold producer with mines and processing facilities in Turkey and Australia:
- 80% interest in the Çöpler Gold Mine;
- 100% interest in the Higginsville Gold Operations; and
- 100% interest in the South Kalgoorlie Gold Operations.
Alacer's primary focus is to maximize portfolio value, maximize free cash flow, minimize project risk, and returning value to shareholders. Alacer is committed to responsibly developing its current operations and focused exploration programs creating value. Cautionary Statements Except for statements of historical fact relating to Alacer, certain statements contained in this press release constitute forward-looking information, future oriented financial information, or financial outlooks (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may be contained in this document and other public filings of Alacer. Forward-looking information often relates to statements concerning Alacer's future outlook and anticipated events or results and, in some cases, can be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts.