Amerigo Resources Ltd (TSX: ARG; OTCQX: ARREF) has revealed the results of its substantial issuer bid launched on September 29, 2021 to purchase for cancellation up to C$25,000,000 in value of its common shares in the authorised share structure of the company.
In accordance with the terms and conditions of the Offer, the company has taken up and paid for 7,116,345 Common Shares at a price of C$1.30 per Common Share, for an aggregate cost of C$9,251,248.50. After giving effect to the Offer, the issued and outstanding Common Shares have been reduced by approximately 3.91% to 174,844,733 Common Shares.
“We are pleased to have completed this first Substantial Issuer Bid,” said Aurora Davidson, Amerigo’s President and CEO. “Amerigo’s Board of Directors will continue to pursue opportunities to return capital to the Company’s shareholders and we are proceeding with an application to the Toronto Stock Exchange for a Normal Course Issuer Bid.”
Amerigo Resources Ltd. is an innovative copper producer with a long-term relationship with Corporación Nacional del Cobre de Chile, the world’s largest copper producer.
For further information please visit: http://www.amerigoresources.com./