Allied Gold Secures C$192.2M for Expansion and Growth

Allied Gold Corporation (TSE:AAUC) has released an update.

Allied Gold Corporation has successfully completed an overnight marketed equity offering, raising C$192.2 million through the issuance of 62 million shares at C$3.10 each. The funds will fuel the company’s growth initiatives, including optimization and expansion of the Sadiola Mine and the Kurmuk construction project. This capital raise is a strategic move within Allied Gold’s broader financing plan, aimed at enhancing financial flexibility and value creation for stakeholders.

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