Allied Gold Limited

Allied Gold Limited

December 09, 2009 09:17 ET

Allied Gold Announces Receipt for Final Prospectus

TORONTO, ONTARIO--(Marketwire - Dec. 9, 2009) -


Allied Gold Limited ("Allied Gold" or the "Company") (TSX:ALG)(ASX:ALD)(AIM:AGLD) is pleased to announce that it has received a receipt from the Ontario Securities Commission as principal regulator for its final short form prospectus dated December 8, 2009 in respect of its previously announced offering of 432,840,000 ordinary shares at a price of C$0.335 per share (or, for settlement in the United Kingdom, 19.4p per share) for gross proceeds of approximately C$145 million (the "Offering"). Based on the Bank of Canada noon exchange rate on December 7, 2009, this implies gross proceeds from the Offering of approximately Pounds Sterling 84 million or A$151 million.

The Offering is expected to close on or about December 18, 2009. Completion of the Offering is subject to, among other things, normal regulatory approvals and the receipt of approval from Allied Gold's shareholders at a shareholders' meeting scheduled for December 17, 2009 pursuant to the requirements of the Australian Securities Exchange ("ASX").

A copy of the final short form prospectus may be viewed under Allied Gold's SEDAR profile at, on Allied Gold's web site at and on the ASX website at under the ASX Code ALD.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The ordinary shares offered have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement.

In the United Kingdom, the Offering is only being and may only be made to (i) persons outside the United Kingdom; or (ii) persons in the United Kingdom who are both (a) a "Qualified Investor" within the meaning of Section 86(7) of the United Kingdom Financial Services and Markets Act 2000 ("FSMA") and (b) within the categories of persons referred to in Article 19(5) (Investment professionals) or Article 49(2)(a) to (d) (High net worth companies, unincorporated associations etc.) of the United Kingdom Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("relevant persons"). The securities being offered hereby are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. The short form prospectus is not an "approved prospectus" within the meaning of Section 85(7) of FSMA and its contents have not been examined or approved by the United Kingdom Financial Services Authority or London Stock Exchange plc, nor has it been approved by an authorized person for the purposes of Section 21 of FSMA.

ACN 104855067

None of the ASX, TSX or London Stock Exchange plc has reviewed, and do not accept responsibility for, the adequacy or accuracy of this release.

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