Allied Gold closes C$416.64 million share subscription by Zijin Gold

Reuters2026/08/10 21:07

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Allied Gold closed a non-brokered private placement with Zijin Gold International for 12,800,000 common shares at C$ 32.55 each.
Gross proceeds totaled C$ 416.64 million; funds earmarked for growth projects, including Kurmuk ramp-up, Sadiola expansion, CDI production increases.
Zijin Gold now holds about 9.2% of the issued common shares; participation and top-up rights apply until its stake drops below 5%.
New shares carry a four-month-and-one-day hold period ending Dec. 11, 2026; the chairman-CEO and vice chairman agreed to matching lock-ups.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Allied Gold Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608101700PRIMZONEFULLFEED9807077) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Allied Gold closes C$416.64 million share subscription by Zijin Gold

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