Leading Independent Proxy Advisory Firms Recommend Alamos and Richmont Shareholders Vote in Favour of Proposed Plan of Arrangement
Toronto (ots/PRNewswire)
Alamos Gold Inc. ("Alamos") (TSX: AGI) (NYSE: AGI) and Richmont Mines Inc. ("Richmont") (TSX: RIC) (NYSE: RIC) today announced that Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co., LLC ("Glass Lewis"), two leading proxy advisory firms, have recommended that both Alamos and Richmont shareholders vote FOR the plan of arrangement (the "Transaction") whereby Alamos will acquire all of the issued and outstanding shares of Richmont, at their special meetings of shareholders to be held on November 16, 2017.
ISS and Glass Lewis cited the sound strategic and financial rationale in recommending Alamos and Richmont shareholders vote in favour of the Transaction.
Attention Alamos and Richmont Shareholders
Richmont and Alamos shareholders are reminded to vote their proxy before 10:00 a.m. and 10:30 a.m. (Eastern time), respectively, on Tuesday, November 14, 2017. Alamos and Richmont's Board of Directors unanimously recommend that their shareholders vote IN FAVOUR of the proposed Transaction.
- North America toll-free: 1-877-452-7184 - Local and international: 416-304-0211 - Email: assistance@laurelhill.com
Contact:
and assistance in voting your proxy, please contact Laurel Hill
Advisory Group, at:
About Alamos Gold Inc.
Alamos is a Canadian-based intermediate gold producer with diversified
production from three operating mines in North America. This includes
the Young-Davidson mine in northern Ontario, Canada and the Mulatos
and El Chanate mines 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 1,300 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".
About Richmont Mines Inc.
Richmont Mines currently produces gold from the Island Gold Mine in
Ontario and is also advancing development of the significant
high-grade resource extension to the east and at depth. With more than
35 years of experience in gold production, exploration and
development, and prudent financial management, the Corporation has
successfully positioned the Island Gold Mine to cost-effectively build
its Canadian reserve base and to enter its next phase of growth. The
Corporation's shares are traded on the TSX and NYSE under the symbol
"RIC".
Cautionary Note - Forward Looking Statements
This News Release contains "forward-looking statements". All
statements other than statements of historical fact included in this
release, are forward-looking statements that involve various risks and
uncertainties and are based on forecasts of future operational or
financial results, estimates of amounts not yet determinable and
assumptions of management. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions or future events or performance
(often, but not always, using words or phrases such as "expects" or
"does not expect", "is expected", "anticipates" or "does not
anticipate", "plans", "estimates" or "intends", or stating that
certain actions, events or results "may", "could", "would", "might",
"have potential" or "will" be taken, occur or be achieved) are not
statements of historical fact and may be "forward-looking statements."
Forward-looking statements are subject to a variety of risks and
uncertainties that could cause actual events or results to differ from
those reflected in the forward-looking statements.
Please consult the section titled "Risk Factors" in Alamos' Annual
Information Form and other disclosures of "Risk Factors" by Alamos,
available on SEDAR and EDGAR. There can be no assurance that such
statements will prove to be accurate as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements.
The TSX and NYSE have not reviewed and do not accept responsibility
for the adequacy or accuracy of this release. No stock exchange,
securities commission or other regulatory authority has approved or
disapproved the information contained herein.
Please visit the Alamos and Richmont websites at
http://www.alamosgold.com or http://www.richmont-mines.com or contact:
Scott Parsons, Vice-President, Investor Relations, Alamos Gold Inc.,
416-368-9932 x 5439, sparsons@alamosgold.com; Anne Day, Senior Vice
President, Investor Relations, Richmont Mines Inc., 416-368-0291 ext.
105, aday@richmont-mines.com