Allied Gold prices $175-million offering

Executive Summary

• Allied Gold Corp. has announced the pricing and terms of an overnight marketed underwritten equity offering, raising approximately $175 million in gross proceeds.
• The offering consists of 6.4 million common shares priced at $27.35 per share, with an overallotment option allowing for up to an additional 15% in shares.
• Net proceeds are designated for infrastructure optimization and growth at the Sadiola and Kurmuk projects, transitioning to owner mining, and general corporate purposes.

Key Details

• Offering Size and Price: 6.4 million common shares at a public offering price of $27.35 per share.
• Gross Proceeds: Approximately $175 million.
• Underwriters: Stifel Nicolaus Canada Inc., Canaccord Genuity Corp., and National Bank Financial Inc. acting as joint bookrunners; syndicate includes CIBC World Markets and Cormark Securities Inc.
• Overallotment Option: Underwriters have an option to purchase up to an additional 15% of the shares sold (approx. 960,000 shares) for up to 30 days from the closing date for market stabilization and to cover overallotments.
• Closing Date: Expected on or about October 24, 2025, subject to regulatory approvals (TSX and NYSE) and formal documentation.
• Use of Proceeds:
  • Accelerate development of infrastructure for the next phase of expansion at Sadiola (processing capacity improvements and energy program implementation).
  • Modify the plant under development at Kurmuk to increase average processing capacity for higher production levels.
  • Begin the transition to owner mining at one or more operations.
  • General corporate purposes to take advantage of cash flow-generating corporate and asset-based opportunities.
• Regulatory Filings: Made by way of a prospectus supplement to the short form base shelf prospectus dated October 1, 2024. Offered in the US via private placement memorandum under Securities Act exemptions.