On October 8, 2024, Allied Gold Corporation closed an overnight marketed public offering of 62,000,000 common shares at a price of $3.10 per common share for aggregate gross proceeds of approximately $192.2 million, and on October 18, 2024, Allied closed on the full over-allotment option for additional gross proceeds of approximately $28.8 million.
The offering was conducted by a syndicate of underwriters co-led by Canaccord Genuity Corp. and National Bank Financial Inc., and included CIBC Capital Markets, Stifel Nicolaus Canada Inc., BMO Capital Markets, SCP Resource Finance LP and Hannam & Partners.
Cassels Brock & Blackwell LLP acted as counsel to Allied Gold Corporation with a deal team that included Mark Bennett, Andrea FitzGerald, Omar Soliman, Ben McLaughlin, Joel Matson (Securities and Mining), Zahra Nurmohamed, Jocelyn Arnason (Tax & Trusts), and Kim Dodson (Law Clerk).
Blake Cassels & Graydon LLP acted as counsel to the underwriters with a deal team that included Bob Wooder, Susan Tomaine, and Justin Tiessen (Securities and Mining).