Allied Gold closes C$416.6M private placement with Zijin Gold

Allied Gold Corporation has successfully completed a private placement with Zijin Gold International Company Limited, issuing 12.8 million common shares at C$32.55 per share, generating gross proceeds of C$416.6 million. Following the transaction, Zijin Gold now holds approximately 9.2% of Allied Gold's issued and outstanding shares.

The shares are subject to a hold period until December 11, 2026, and are tied to voluntary lock-up agreements for Allied Gold's executives. The net proceeds from the placement will be utilized for growth initiatives, including operational optimizations, expansion projects, and exploration efforts.

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