ANV Announces Pricing of Public Offering of Common Stock Allied Nevada Announces Pricing of Public Offering of Common Stock and Warrants
RENO, NEVADA -- (Marketwired) -- 12/09/14 -- Allied Nevada Gold Corp. ("Allied Nevada", "us", "we", "our" or the "Company") (TSX: ANV)(NYSE MKT: ANV) today announced that it has priced a public offering (the "Offering") of shares of common stock and warrants. In connection with the purchase, investors will receive one share of our common stock and one half warrant to purchase our common stock for a price of $1.00. Each whole warrant entitles the holder thereof to purchase one share of our common stock at an exercise price of $1.10 for a period of five years from the closing date of the Offering. The Offering will provide gross proceeds to us of approximately $21.5 million. H.C. Wainwright & Co., LLC is acting as the sole lead placement agent for the offering in the United States (USM) and Canaccord Genuity Corp. is acting as co-placement agent for the offering in Canada.
The Offering is expected to close on or about December 12, 2014, subject to customary closing conditions, including the approval of the Toronto Stock Exchange and NYSE MKT to list for trading the shares issued in the offering or upon exercise of warrants. The warrants will not be separately listed for trading.
The Offering is being conducted in the United States only by means of a prospectus supplement and an accompanying prospectus filed as part of an effective shelf registration statement filed with the Securities and Exchange Commission ("SEC") on Form S-3 (File No. 333-200357), which was declared effective by the SEC (SCUR) on November 25, 2014. Copies of the prospectus supplement and accompanying prospectus, when available, can be obtained by request at H.C. Wainwright & Co., LLC by contacting by telephone at (212) 356-0527 or by e-mail at placements@hcwco.com. The offering will be made in Canada only by means of a Canadian MJDS prospectus supplement to the Canadian MJDS base shelf prospectus, dated November 28, 2014, filed with securities regulators in all the provinces of Canada, other than Quebec. The Canadian MJDS prospectus supplement will be, and the Canadian MJDS base shelf prospectus is, available on the Company's profile on www.sedar.com.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of Allied Nevada's common stock or warrants. No offer, solicitation or sale will be made in any jurisdiction in which such offer, solicitation or sale is unlawful.