TORONTO, Sept. 9,
2024 /CNW/ - Allied Gold Corporation ("Allied" or the
"Company") (TSX: AAUC) (OTCQX: AAUCF) is pleased to announce that
its common shares will commence trading today on the OTCQX Best
Market under the ticker symbol of AAUCF. The OTCQX Best Market is
the highest market tier of OTC Markets on which 12,000 U.S. and
global securities trade. Trading on OTCQX is expected to enhance
the visibility and accessibility of the Company to U.S. investors.
Allied's common shares will continue to trade on the Toronto Stock
Exchange under the symbol AAUC.
The OTCQX Best Market provides value and convenience to U.S.
investors, brokers and institutions seeking to trade AAUCF. The
OTCQX Best Market is OTC Markets Group's premier market for
established, investor-focused U.S. and international
companies. To be eligible, companies must meet high financial
standards, follow best practice corporate governance, demonstrate
compliance with applicable securities laws, be current in their
disclosure, and have a professional third-party sponsor
introduction.
"We are pleased to start trading on OTCQX which will allow a
broader set of shareholders to invest in Allied Gold, while
improving trading liquidity and unlocking value" said Peter
Marrone, Chairman and CEO of Allied Gold.
About Allied Gold Corporation
Allied Gold is a Canadian-based gold producer with a significant
growth profile and mineral endowment which operates a portfolio of
three producing assets and development projects located in Côte
d'Ivoire, Mali, and Ethiopia. Led by a team of mining executives
with operational and development experience and proven success in
creating value, Allied Gold is progressing through exploration,
construction and operational enhancements to become a mid-tier next
generation gold producer in Africa
and ultimately a leading senior global gold producer.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
AND STATEMENTS
This press release contains "forward-looking information" under
applicable Canadian securities legislation. Except for statements
of historical fact relating to the Company, information contained
herein constitutes forward-looking information, including, but not
limited to, any information as to the Company's strategy,
objectives, plans or future financial or operating performance.
Forward-looking statements are characterized by words such as
"plan", "expect", "budget", "target", "project", "intend",
"believe", "anticipate", "estimate" and other similar words or
negative versions thereof, or statements that certain events or
conditions "may", "will", "should", "would" or "could" occur.
Forward-looking information included in this press release
includes, without limitation, statements with respect to the
expectation that trading on the OTCQX will enhance the visibility
and accessibility of the Company to U.S. investors, and the
expectation that the Company will become a mid-tier next generation
gold producer in Africa and
ultimately a leading senior gold producer. Forward-looking
information is based on the opinions, assumptions and estimates of
management considered reasonable at the date the statements are
made, and is inherently subject to a variety of risks and
uncertainties and other known and unknown factors that could cause
actual events or results to differ materially from those projected
in the forward-looking information. These factors include, without
limitation, fluctuating price of gold; risks relating to the
exploration, development and operation of mineral properties; risks
relating to operating in emerging markets, particularly
Africa, including risk of
government expropriation or nationalization of mining operations;
risks related to the Company's proposed alternative financing
initiatives not being; health, safety and environmental risks and
hazards to which the Company's operations are subject; the
Company's ability to maintain or increase present level of gold
production; the Company's ability to execute on its expansion and
optimization plans; counterparty, credit, liquidity and interest
rate risks and access to financing; increases in costs of
production, such as fuel, steel, power, labour and other
consumables; uncertainty in the estimation of Mineral Reserves and
Mineral Resources; the Company's ability to replace and expand
Mineral Resources and Mineral Reserves, as applicable, at its
mines; factors that may affect the Company's future production
estimates; risks relating to the development, construction and
start-up of new mines; title disputes or claims; risks relating to
the termination of mining rights; risks related to enforcing legal
rights in foreign jurisdictions; competition in the precious metals
mining industry; risks related to the Company's ability to service
its debt obligations; the impact of global financial, economic and
political conditions, global liquidity, interest rates, inflation
and other factors on the Company's results of operations and market
price of common shares; risks associated with financial
projections; force majeure events and the Company's dependence on
key management personnel and executives.
Although the Company has attempted to identify important factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking information,
there may be other factors that could cause actions, events or
results to not be as anticipated, estimated or intended. There can
be no assurance that forward-looking information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. The Company
undertakes no obligation to update forward-looking information if
circumstances or management's estimates, assumptions or opinions
should change, except as required by applicable law. The reader is
cautioned not to place undue reliance on forward-looking
information. The forward-looking information contained herein is
presented for the purpose of assisting investors in understanding
the Company's plans, objectives and expectations discussed herein
and may not be appropriate for other purposes.
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SOURCE Allied Gold Corporation