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Last updated on April 21, 2014 at 5:21 EDT

Alacer Gold declares special dividend

April 10, 2013

TORONTO, April 10, 2013 /CNW/ – Alacer Gold Corp. (“Alacer“) [TSX: ASR and ASX: AQG] announced today that its Board of Directors has declared a special cash
dividend of US$0.24 per share (approximately US$70 million) payable on
April 30, 2013 (Toronto time) to shareholders of record at the close of
business on April 19, 2013 in connection with the sale of Alacer’s 49%
interest in the Frog’s Leg Mine.

The dividend payment applies to holders of Alacer’s common shares, which
trade on the Toronto Stock Exchange under the symbol ASR, and to
holders of its CHESS depository instruments (“CDIs”), which trade on
the Australian Securities Exchange under the symbol AQG. Each CDI
confers a beneficial interest in one common share. Therefore, CDI
holders are entitled to a dividend calculated on the same basis as the
holders of Alacer’s common shares.

Alacer sought and has been granted a temporary waiver of certain of the
ASX Settlement Operating Rules. Under the authority of the waiver, the
processing of conversions of common shares to CDIs, or CDIs to common
shares, lodged on or after April 15, 2013, will be deferred until after
the record date of April 19, 2013.

The key dates with respect to the dividend are as follows:


    Last date for processing requests to         April 12, 2013
    convert CDIs into
    common shares and to convert common shares
    into CDIs
    before the record date for the dividend

    CDIs trade on the ASX on an ex-dividend      April 15, 2013
    basis

    Common shares trade on the TSX on an         April 17, 2013
    ex-dividend basis

    Record date for the dividend                 April 19, 2013

    Processing recommences for requests to       April 22, 2013
    convert CDIs into
    common shares and to convert common shares
    into CDIs

    Common share dividend payment date           April 30, 2013 (in Canada)

    Payment of dividend to CDI holders           May 1, 2013 (in Australia)

The dates set out above are based on the directors’ current expectations
and may be subject to change. If any of the dates should change, the
revised dates will be announced by press release and will be available
from www.alacergold.com.

As required by Appendix 6A of the ASX listing rules for Australian
income tax purposes, the dividend is unfranked and there is no amount
of Conduit Foreign Income per security for this dividend payment.

Payments to Canadian shareholders will be made in Canadian dollars based
on the “noon rate” exchange rate in Canada prevailing on the record
date as reported by the Bank of Canada. For CDI holders, payments will
be made in Australian dollars at the nominal exchange rate prevailing
on the record date as reported by the Bank of Canada as of noon
(Toronto time) on the record date. Payments to U.S. shareholders and
non-resident shareholders will be made in U.S. dollars.

Shareholders are advised that this dividend is designated by Alacer to
be an “eligible dividend” pursuant to subsection 89(14) of the Income Tax Act (Canada) and corresponding provincial legislation.

About Alacer Gold

Alacer is a leading intermediate gold mining company with interests in
multiple mines which provide ore to three processing facilities in
Australia and Turkey:


    --          80% interest in the Copler Gold Mine;

    --          100% interest in the Higginsville Gold Operations; and

    --          100% interest in the South Kalgoorlie Gold Operations.

Alacer’s primary focus is to maximize portfolio value, maximize free
cash flow, minimize project risk, and returning value to shareholders.
Alacer has a strong balance sheet and is committed to responsibly
developing its current operations and focused exploration programs
creating value.

Cautionary Statements

Except for statements of historical fact relating to Alacer, certain
statements contained in this press release constitute forward-looking
information, future oriented financial information, or financial
outlooks (collectively “forward-looking information”) within the
meaning of Canadian securities laws. Forward-looking information may be
contained in this document and other public filings of Alacer.
Forward-looking information often relates to statements concerning
Alacer’s future outlook and anticipated events or results and, in some
cases, can be identified by terminology such as “may”, “will”, “could”,
“should”, “expect”, “plan”, “anticipate”, “believe”, “intend”,
“estimate”, “projects”, “predict”, “potential”, “continue” or other
similar expressions concerning matters that are not historical facts.

Forward-looking information includes, but is not limited in any manner
to, statements concerning, among other things, the payment of
dividends, matters relating to proposed exploration, communications
with local stakeholders and community relations, status of negotiations
of joint ventures, weather conditions at our operations, commodity
prices, mineral resources, mineral reserves, realization of mineral
reserves, existence or realization of mineral resource estimates, the
development approach, the timing and amount of future production,
timing of studies and analyses, the timing of construction of proposed
mines and process facilities, capital and operating expenditures,
economic conditions, availability of sufficient financing, exploration
plans and any and all other timing, exploration, development,
operational, financial, budgetary, economic, legal, social, regulatory
and political factors that may influence, or be influenced by, future
events or conditions. Such forward-looking information and statements
are based on a number of material factors and assumptions, including,
but not limited in any manner to, those disclosed in any other of
Alacer’s filings, and include assumptions about the legal restrictions
regarding the payments of dividends by Alacer, exploration results and
the ability to explore, the ultimate determination of mineral reserves,
availability and final receipt of required approvals, titles, licenses
and permits, sufficient working capital to develop and operate the
mines, access to adequate services and supplies, commodity prices,
ability to meet production targets, foreign currency exchange rates,
interest rates, access to capital markets and associated cost of funds,
availability of a qualified work force, ability to negotiate, finalize
and execute relevant agreements, lack of social opposition to the
mines, lack of legal challenges with respect to the property of Alacer
and the ultimate ability to mine, process and sell mineral products on
economically favorable terms. While we consider these factors and
assumptions to be reasonable based on information currently available
to us, they may prove to be incorrect.

You should not place undue reliance on forward looking information and
statements. Forward looking information and statements are only
predictions based on our current expectations and our projections about
future events. Actual results may vary from such forward looking
information for a variety of reasons, including but not limited to
risks and uncertainties disclosed in Alacer’s filings at www.sedar.com
and other unforeseen events or circumstances. Other than as required by
law, Alacer does not intend, and undertakes no obligation to update any
forward looking information to reflect, among other things, new
information or future events.

SOURCE ALACER GOLD CORP.


Source: PR Newswire