Alamos lifts AuRico stake to more than 10%

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.