RE:RE:RE:RE:But in the EndA reminder that around this time last year ALO was able to raise effortlessly $50 million at $6.25.
ALIO GOLD INC. ANNOUNCES C$50,000,000 BOUGHT DEAL OFFERING OF UNITS
Alio Gold Inc. has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and Clarus Securities Inc., pursuant to which the underwriters have agreed to purchase on a bought deal basis eight million units of the company at a price of $6.25 per unit, representing total gross proceeds of $50-million. Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one common share of the company at a price of $8 for a period of 12 months following the closing date. Closing is expected on or about July 20, 2017, and is subject to regulatory approval, including that of the Toronto Stock Exchange, NYSE MKT and the securities regulatory authorities.