Alamos, AuRico Merger Receives Court Approval

(RTTNews) - Canadian gold producers Alamos Gold Inc (AGI, AGI.TO) and AuRico Gold Inc (AUQ, AUQ.TO) on Friday said they have been granted final court approval from the Ontario Superior Court of Justice to combine the two companies by way of a plan of arrangement.

The arrangement is expected to close July 2, subject to applicable regulatory approvals and the satisfaction of other customary conditions, the companies said.

In April, Alamos and AuRico agreed to merger in a bid to create a leading intermediate gold producer. The deal is structured as a merger of equals with a transaction equity value of about US$1.5 billion.