apr 21 alert #2

 

Alamos Gold to pay three-U.S.-cent dividend May 29
Ticker Symbol: C:AGI

Alamos Gold to pay three-U.S.-cent dividend May 29

Alamos Gold Inc (C:AGI)
Shares Issued 127,357,486
Last Close 4/20/2015 $8.38
Tuesday April 21 2015 - News Release

An anonymous director reports

ALAMOS GOLD DECLARES SEMI-ANNUAL DIVIDEND AND ADOPTS DIVIDEND REINVESTMENT AND SHARE PURCHASE PLAN

Alamos Gold Inc.'s board of directors has declared a semi-annual dividend of three U.S. cents per common share and introduced a dividend reinvestment and share purchase plan (DRIP).

Semi-Annual Dividend

This represents the Company's 11th consecutive semi-annual dividend and once again demonstrates its commitment to returning value to shareholders. Including the current dividend, the Company has returned a total of $106 million to shareholders through dividends and share repurchases over the past five years. This dividend represents a decrease from previous levels, a reflection of both the sharp decline in the price of gold and our transition to a growth phase as a Company. We possess one of the strongest development pipelines of our peer group and expect to ramp up spending over the next few years as we advance our growth projects towards production.

The dividend is payable on May 29, 2015 to shareholders of record as of the close of business on May 15, 2015. This dividend qualifies as an "eligible dividend" for Canadian income tax purposes. For shareholders that elect to participate in the DRIP as outlined below, common shares granted as part of the May 29, 2015 dividend will be issued from treasury at a 5{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} discount to the prevailing market price.

Dividend Reinvestment and Share Purchase Plan

The Company has implemented a dividend reinvestment and share purchase plan. This will give shareholders the option of increasing their investment in Alamos, at a discount to the prevailing market price and without incurring any transaction costs, by electing to receive common shares in place of cash dividends.

Shareholders who elect to participate in the DRIP will also have the option of acquiring additional common shares in the Company (subject to limitations) at a discount to the prevailing market price, and without incurring additional transaction costs.

The Company has the discretion to elect to issue such common shares at up to a 5{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} discount to the prevailing market price from treasury, or purchase the common shares on the open market including the facilities of the New York Stock Exchange, and will advise as such with each dividend declaration.

Enrollment in the DRIP is optional. Further information on the plan, including the forms needed to enroll are available on the Company's website at http://www.alamosgold.com/investors/Dividend-Reinvestment-Plan. In order to be eligible to participate in the May 29, 2015 dividend, enrollment must be completed by 4:00 pm EST on the fifth business day prior to the May 15, 2015 dividend record date.

We seek Safe Harbor.

© 2015 Canjex Publishing Ltd.

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