TORONTO, May 2, 2012 /CNW/ - Alacer Gold Corp. ( "Alacer" or the "Company") [TSX: ASR and ASX: AQG] announced the outcomes flowing from the maturity of the Company's C$100 million 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 C$8.00 per common share. Debentures representing a total of C$53,566,000 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 C$46,434,000 plus a final interest payment of C$1,103,000. 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. About Alacer Alacer Gold Corp is a leading intermediate gold mining company with interests in multiple mines which provide ore to three processing facilities in Australia and Turkey:
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 Australia and Turkey. SOURCE ALACER GOLD CORP.