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 Completes Tender Offer For Convertible Notes

TORONTO, April 3, 2014 /PRNewswire/ --



- Tenders Received for 99.6% of Outstanding Principal Amount

AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), AuRico Gold Inc. ("AuRico" or the "Company") (TSX: AUQ, NYSE: AUQ) today announced that it has completed its cash tender offer (the "Tender Offer"), initially announced on March 6, 2014, for any and all of its 3.50% Convertible Notes due 2016 (the "Convertible Notes"). The Tender Offer expired at 12:00 midnight Eastern Time on April 2, 2014 (the "Expiration Time").

As of the Expiration Time, the Company had received valid tenders for approximately US$166,354,000 of the outstanding US$167,000,000 principal amount of Convertible Notes, as reported by the Information and Tender Agent, and no such tenders had been withdrawn. On April 3, 2014 (the "Payment Date"), tendered holders received consideration in the amount of US$1,040 for each US$1,000 principal amount of Convertible Notes tendered, plus accrued and unpaid interest from the last interest payment date to, but not including, the Payment Date.

RBC Capital Markets and Credit Suisse acted as Dealer Managers, and Global Bondholder Services Corporation acted as Information and Tender Agent.

This press release is for information purposes only and is not an offer to purchase or a solicitation of an offer to sell with respect to any of the Convertible Notes. The Tender Offer was conducted pursuant to the tender offer documents, including the Offer to Purchase, that were distributed to holders of the Convertible Notes. None of the Company, the Dealer Managers or the Information and Tender Agent made any recommendation as to whether holders of the Convertible Notes should tender or refrain from tendering their Convertible Notes in the Tender Offer or the amount of Convertible Notes to tender.

1 of 3

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
SYM TRADE IT LAST %CHG

Markets

DOW 18,271.52 -14.22 -0.08%
S&P 500 2,130.84 +0.02 0.00%
NASDAQ 5,099.6480 +8.8540 0.17%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs