10:01 AM EST - Alamos Gold Inc. : and AuRico Gold Inc. announced that they have entered into a definitive agreement to combine their respective companies by way of a plan of arrangement, creating a new, leading intermediate gold produce. The merger combines two top-quality, highly-complementary asset portfolios, including two long-life, cash flow-generating gold mines: AuRico's Young-Davidson mine in Ontario, Canada and Alamos' Mulatosmine in Sonora, Mexico. The transaction is structured as a merger of equals with a transaction equity value of approximately $1.5 billion U.S. Alamos Gold Inc.
shares T.AGI are trading up $0.57 at $7.98.
