Alamos Gold Inc
Alamos Gold Announces Additional Investment in Manitou Gold Inc.
TORONTO, April 09, 2021 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today announced the purchase of 15,900,000 common shares (the “Shares") of Manitou Gold Inc. ("Manitou"), representing approximately 2.5% of the outstanding common shares of Manitou (the “Transaction”), on a partially diluted basis. The Shares are being acquired by Alamos by way of share purchase agreement with a third party at a price of C$0.08 per Share.
Prior to the closing of the Transaction, the Company had beneficial ownership of, or control and direction over 42,311,077 common shares and 4,520,000 warrants of Manitou, or 17.44% of its issued and outstanding common shares on a partially diluted basis (assuming exercise of the warrants).
Assuming exercise of the warrants, the Company will have the beneficial ownership of, or control and direction over 62,731,077 common shares or 19.96% of the issued and outstanding shares of Manitou, on a partially diluted basis, calculated as of the date of the Transaction. The Company does not own any other securities of Manitou.
Alamos carried out the Transaction for investment purposes and may increase or decrease its investment based on market conditions. Alamos and Manitou entered into an Investor Rights Agreement on December 24, 2019, which provides Alamos with (i) the right to nominate one director to Manitou’s board of directors, (ii) non-dilution rights, such that Alamos can retain its pro-rata ownership in Manitou by participating in any subsequent share issuance, so long as Alamos retains at least 10% ownership of Manitou’s common shares outstanding on a partially diluted basis, and (iii) the right to participate in a joint Exploration Committee which has been established to discuss and advise on exploration strategy for Manitou’s Goudreau Project. On June 30, 2020, Peter MacPhail, Chief Operating Officer of Alamos was elected as a Director of Manitou.
The Early Warning Report, as required under National Instrument 62-103, contains additional information with respect to the foregoing matters and will be filed by the Company on Manitou’s SEDAR profile at www.sedar.com. The Transaction remains subject to customary approvals, including the Toronto Stock Exchange.
About Alamos
Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos mine in Sonora State, Mexico. Additionally, the Company has a significant portfolio of development stage projects in Canada, Mexico, Turkey, and the United States. Alamos employs more than 1,700 people and is committed to the highest standards of sustainable development. The Company’s shares are traded on the TSX and NYSE under the symbol “AGI”.
FOR FURTHER INFORMATION (INCLUDING TO OBTAIN A COPY OF THE EARLY WARNING REPORT REFERENCED HEREIN) PLEASE CONTACT:
Scott K. Parsons
Vice President, Investor Relations
(416) 368-9932 x 5439
Source: https://www.alamosgold.com/news-and-events/default.aspx#news--widget
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Development Boomtruck Operator
- Safely move material as directed. Report and document all material moved accurately to his/her Supervisor;
- Accurately report to supervisor the material needed in storage areas U/G
Rock Breaker Operator
- Operate rock-breaker;
- Perform pre-op and post-op inspections on equipment
Scissordeck Bolter
- Install ground support as per company standard;
- Install and maintain services;
- Load development rounds
Ground Control Engineer
- QAQC of shotcrete, ground support installation, grouting, ground support auditing and paste fill;
- Document inspections of underground stoping and development;
- Rock mass characterisation and classification
Mine Engineer
- Assist with blast improvement investigations;
- Look for opportunities to improve efficiencies;
- Provide guidance to EIT’s
Construction Miner - Transmixer
- Operate equipment such as transmixer and shotcrete sprayer;
- Assist in installation, modification and repairs of UG infrastructures
Geological Technician/or Junior Geologist
- 3D digitizing of underground geological mapping and integration into 3D mining software.
- Digitize geological surface geological mapping lithology, structure and mineralization
- Digitize chip sampling of ore development headings as required
Mill Operator/Labourer
- Works and ensure all workers work in compliance with the Occupational Health & Safety Act, Regulations for Mines and Mining Plants and all other applicable government standards and regulations;
- Adheres to and enforces all safety and environmental considerations
Document Control Coordinator - Phase III
- Implement document and data management solutions with a primary focus on workflow, document control, information security and records management.
- Provide ongoing training and support to end users in the use of the document management system.
- Ensure project and operations teams comply with the document management requirements and procedures
Project Controls Manager - Phase III
- Development and implementation of project controls systems and procedures.
- Working with accounting personnel to ensure accurate reporting and approval of accruals, forecasts, and project status.
- Early identification and notification of deviations and variances to project baseline schedule and spend