Alamos currently holds approximately 27.5  of Orford s basic common shares outstanding and, excluding this existing ownership, will issue around 0.9 million shares for a total consideration of C$16M.John A. McCluskey, President and CEO of Alamos, expressed that the acquisition aligns with the company's strategy to build a pipeline of high-quality, long-term projects in favorable mining jurisdictions.
Alamos acquires 0.9 million shares of Orford for C$16M, increasing its ownership to 27.5% of outstanding shares. This aligns with Alamos' strategy to acquire high-quality projects in favorable jurisdictions.