ALLIED GOLD LIMITED – Announce today Australian Solomons Gold Delisted from TSX
Australian Solomons Gold Delisted from TSX and Compulsory Acquisition Process Ongoing
Allied Gold Limited (AGLD) announce today that Australian Solomons Gold Limited ("ASG") was delisted from the Toronto Stock Exchange ("TSX") at the close on January 28, 2010 following the Company's successful take-over bid for ASG.
As previously announced, Allied Gold has taken up 125,788,776 shares of ASG under its offer, which expired on December 14, 2009, representing 96.9% of the outstanding shares of ASG. Allied Gold is in the process of acquiring all of the shares of ASG that were not tendered to the offer through the statutory compulsory provisions of the Australian Corporations Act. In addition, Allied Gold intends to apply to applicable Canadian securities regulatory authorities to cause ASG to cease being a reporting issuer.
Allied Gold expects that the compulsory acquisition process for the remaining ASG shares will be completed on or about February 26, 2010.