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Allied Gold Limited Completes Acquisition of Australian Solomons Gold Limited
Allied Gold Limited (TSX:ALG; ASX:ALD; AIM:AGLD) completed its acquisition of Australian Solomons Gold Limited (“ASG”) under its offer dated October 2, 2009 to acquire all of the shares of ASG. The offer expired on December 14, 2009 and the ASG shares taken up under the offer represent 96.9% of the outstanding ASG shares. Allied Gold will acquire the balance of the ASG shares by way of a compulsory acquisition pursuant to the Australian Corporations Act. Allied Gold is an Australian-based gold production company that owns the Simberi Gold Project in Papua New Guinea. Through its acquisition of ASG, Allied Gold has acquired the Gold Ridge Project in the Solomon Islands for redevelopment.
Wildeboer Dellelce LLP acted for Allied Gold in connection with the acquisition with a team that included Vaughn MacLellan, Mark Wilson, Al Wiens and Sanjeev Patel (corporate/securities) and Kevin Fritz and Andrea Shreeram (tax).
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