On October 8, 2024, Allied Gold Corporation closed an overnight marketed public offering of 62,000,000 common shares at a price of $3.10 per common share for aggregate gross proceeds of $192.2 million, and on October 18, 2024, Allied closed on the full over-allotment option.
The offering was conducted by a syndicate of underwriters co-led by Canaccord Genuity Corp. and National Bank Financial Inc., and included CIBC Capital Markets, Stifel Nicolaus Canada Inc., BMO Capital Markets, SCP Resource Finance LP and Hannam & Partners.
Cassels acted for Allied.