Allied GOLD Announces Completion of Offering
NEWS RELEASE
ALLIED GOLD ANNOUNCES COMPLETION OF OFFERING
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR THE DISSEMINATION,
DISTRIBUTION, RELEASE OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES.
TORONTO, ON – October 18, 2024 ─ Allied Gold Corporation (TSX: AAUC, OTCQX: AAUCF) (“Allied” or
the “Company”) announces that the over-allotment option relating to the overnight marketed public offering
of common shares has been exercised and the offering was completed today. The over-allotment shares
were issued pursuant to the (final) short form prospectus supplement (the “Prospectus Supplement”) dated
October 3, 2024, to the Company’s short form base shelf prospectus dated October 1, 2024 (the “Base
Shelf Prospectus”).
This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The
common s hares have not been and will not be registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold in the United States absent registration or an applicable
exemption from registration.
Copies of the P rospectus Supplement and the accompanying Base Shelf Prospectus are available on
SEDAR+ at www.sedarplus.ca. Alternatively, the Prospectus Supplement and the accompanying Base
Shelf Prospectus may be obtained free of charge upon request by contacting the Chief Legal Officer and
Corporate Secretary of Allied Gold Corporation at Royal Bank Plaza, North Tower, 200 B ay Street, Suite
2200, Toronto, Ontario M5J 2J3, telephone 416-363-4435, or by email at [email protected].
About Allied Gold Corporation
Allied is a Canadian -based gold producer with a significant growth profile and mineral endowment,
operating a portfolio of three producing assets and development projects located in Côte d’Ivoire, Mali, and
Ethiopia. Led by a team of mining executives with operational and development experience and a proven
track record of creating value, Allied is progressing through exploration, construction, and operational
enhancements to become a mid-tier, next-generation gold producer in Africa and ultimately a leading senior
global gold producer.
For further information, please contact:
Allied Gold Corporation
Royal Bank Plaza, North Tower
200 Bay Street, Suite 2200
Toronto, Ontario M5J 2J3 Canada
Email: [email protected]
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION AND STATEMENTS
This press release contains “forward-looking information” under applicable Canadian securities legislation.
Except for statements of historical fact relating to the Company, information contained herein constitutes
forward-looking information, including, but not limited to, any information as to the Company ’s strategy,
objectives, plans or future financial or operating performance. Forward -looking statements are
characterized by words such as “plan”, “expect”, “budget”, “target”, “project”, “intend”, “believe”, “anticipate”,
“estimate” and other similar words or negative versions thereof, or statements that certain events or
conditions “may”, “will”, “should”, “would” or “could” occur. Forward-looking information included in this
press release includes, without limitation, statements with respect to the Company ’s goals to become a
mid-tier, next -generation gold producer in Africa and ultimately a leading senior global gold producer.
Forward-looking information is based on the opinions, assumptions and estimates of management
considered reasonable at the date the statements are made, and is inherently subject to a variety of risks
and uncertainties and other known and unknown factors that could cause actual events or results to differ
materially from those projected in the forward -looking information. These factors i nclude the fluctuating
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price of gold; risks relating to the exploration, development and operation of mineral properties, including
but not limited to unusual and unexpected geologic conditions and equipment failures; risks relating to
operating in emerging markets, particularly Africa, including risk of government expropriation or
nationalization of mining operations; risks related to the Company’s expansion and optimization plans not
being met within the timeframe anticipated, or at all; counterparty, credit, liquidity and interest rate risks and
access to financing; risks related to the Company ’s current alternative financing initiatives not being met
within the timeframes anticipated, or at all; health, safety and environmental risks and hazards to which the
Company’s operations are subject; the Company ’s ability to maintain or increase present level of gold
production; risks related to dependence on products produced from the Company’s key mining assets; cost
and availability of commodities; increases in costs of production, s uch as fuel, steel, power, labour and
other consumables; risks associated with infectious diseases; uncertainty in the estimation of Mineral
Reserves and Mineral Resources; the Company ’s ability to replace and expand Mineral Resources and
Mineral Reserves, as applicable, at its mines; factors that may affect the Company ’s future production
estimates, including but not limited to the quality of ore, production costs, infrastructure and availability of
workforce and equipment; risks relating to partial owners hips and/or joint ventures at the Company ’s
operations; reliance on the Company’s existing infrastructure and supply chains at the Company’s operating
mines; risks relating to the acquisition, holding and renewal of title to mining rights and permits, and changes
to the mining legislative and regulatory regimes in the Company’s operating jurisdictions; fluctuating price
of gold; limitations on insurance coverage; risks relating to illegal and artisanal mining; the Company ’s
compliance with anti-corruption laws; risks relating to the development, construction and start -up of new
mines, including but not limited to the availability and performance of contractors and suppliers, the receipt
of required governmental approvals an d pe rmits, and cost overruns; risks relating to acquisitions and
divestures; title disputes or claims; risks relating to the termination of mining rights; risks relating to security
and human rights; risks associated with processing and metallurgical recoveries; risks related to enforcing
legal rights in foreign jurisdictions; competition in the precious metals mining industry; risks related to the
Company’s ability to service its debt obligations; fluctuating currency exchange rates (including the US
Dollar, Euro, West African CFA Franc and Ethiopian Birr exchange rates); risks related to the Company ’s
investments and use of derivatives; taxation risks; scrutiny from non -governmental organizations; labour
and employment relations; risks related to third -party contractor arrangements; repatriation of funds from
foreign subsidiaries; community relations; risks related to relying on local advisors and consultants in foreign
jurisdictions; the impact of global financial, economic and political conditions, global liquidity, interest rates,
inflation and other factors on the Company ’s results of operations and market price of common shares;
risks associated with financial projections; force majeure events; transactions that may result in dilution to
common shares; future sales of common shares by existing shareholders; the Company’s dependence on
key management personnel and executives; vulnerability of information systems including cyber attacks;
as well as those factors discussed in the section entitled “Economic Tren ds, Business Risks and
Uncertainties” in the Company’s interim management’s discussion and analysis for the three and six months
ended June 30, 2024 and the section entitled “Risk Factors” in the Company’s annual information form for
the year ended December 31, 2023, both of which are available at www.sedarplus.ca.
Although the Company has attempted to identify important factors that could cause actual actions, events
or results to differ materially from those described in forward-looking information, there may be other factors
that could cause actions, events or results to not be as anticipated, estimated or intended. There can be no
assurance that forward-looking information will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. The Company u ndertakes no obligation
to update forward -looking information if circumstances or management ’s estimates, assumptions or
opinions should change, except as required by applicable law. The reader is cautioned not to place undue
reliance on forward-looking information. The forward-looking information contained herein is presented for
the purpose of a ssisting investors in understanding the Company ’s plans and goals and may not be
appropriate for other purposes.