TORONTO, November 21, 2017 /PRNewswire/ --
Alamos Gold Inc. ("Alamos") (TSX: AGI) (NYSE: AGI) and Richmont
Mines Inc. ("Richmont") (TSX: RIC) (NYSE: RIC) are pleased to
announce that they have been granted final court approval from the
Quebec Superior Court (Commercial Division) of the plan of
arrangement (the "Transaction") whereby Alamos will acquire all of the issued and
outstanding shares of Richmont.
The Transaction is expected to close on November 23, 2017, subject to applicable
regulatory approvals and the satisfaction of other customary
conditions.
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.
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.
+1- 416-368-9932 x 5439
sparsons@alamosgold.com
Anne Day
Senior Vice President
Investor Relations
Richmont Mines Inc.
+1-416-368-0291 ext. 105
aday@richmont-mines.com