Shareholders of Carlisle were overwhelmingly supportive of the Acquisition, with 98.21% of the votes cast at a special meeting of the shareholders held on December 16, 2015 being voted in favour.
A Final Order was granted by the Ontario Superior Court of Justice (Commercial List) on December 21, 2015 approving the Plan of Arrangement pursuant to which the Acquisition was implemented.
"We are very pleased to announce the closing of the Carlisle acquisition and to consolidate our ownership of the Lynn Lake project," said John A. McCluskey, President and Chief Executive Officer. "With Lynn Lake’s attractive economics, high grade nature, and location in a top mining jurisdiction, we have significantly strengthened our development pipeline."
Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson mine in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico.
Additionally, the Company has a significant portfolio of development stage projects in Mexico, Turkey, Canada and the United States. Alamos employs more than 1,300 people and is committed to the highest standards of sustainable development.
