Allied Gold

Canaccord Genuity Acted as Sole Bookrunner to Allied Gold Corp. on its $221 Million Overnight Marketed Offering of Common Shares

Canaccord Genuity is pleased to announce that on October 18, 2024, Allied Gold Corporation (TSX: AAUC) (OTCQX: AAUCF) ("Allied" or the "Company") successfully closed its overnight marketed offering of 71,300,000 common shares at a price of C$3.10 for gross proceeds of approximately C$221 million (the “Offering”), which included 9,300,000 common shares sold in the over-allotment option. Canaccord Genuity acted as sole bookrunner and co-lead underwriter in connection with the Offering. The Offering was conducted through a prospectus supplement to the short form base shelf prospectus dated October 1, 2024.

Allied is a Canadian-based gold producer with a significant growth profile and mineral endowment, operating 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 a proven track record of creating value, Allied 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.