PRIVATE PLACEMENT
Canadian gold producer AuRico Metals on Monday said that compatriot Alamos Gold had lifted its ownership of the company to more than 10%. TSX-listed Alamos would buy eight-million AuRico Metals shares at C$0.70 apiece for C$5.6-million. Together with the 5.77-million shares Alamos already owned in AuRico Metals, Alamos now controlled 10.9% of the issued and outstanding shares of the company.
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