Amerigo Resources Announces Results of Substantial Issuer Bid
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Amerigo Resources Announces Results of Substantial Issuer Bid

byColin Sandell-Hay, Contributor - The Assay
4 years ago
Reading Time: 1 min read
Amerigo Announces Reinstatement Of Dividends

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./

Tags: ChileCopperFinanceOTCQX: ARREFTSX: ARG
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Colin Sandell-Hay, Contributor - The Assay

Colin Sandell-Hay, Contributor - The Assay

Colin Sandell-Hay is a multi-award-winning mining journalist and investor relations specialist with a major focus on the resources sector. He has 48 years of editorial and public relations experience, with more than 30 of those in business and resources media. His in-depth, technical knowledge was recognized in 2010 when he was presented with the coveted APPEA JN Pierce Award as the leading petroleum journalist in Australia. Colin is currently a freelance news editor and features writer for The Assay.

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