Allied Nevada Completes $283.5M Cross-border Public Offering

On June 3, 2010, Allied Nevada Gold Corp. completed its previously announced cross-border public offering of common stock. In connection with the closing, a total of 13,500,000 shares of common stock were sold in the offering, including 500,000 shares of common stock pursuant to the over-allotment option, at a price of $21.00 per share for aggregate proceeds of $283,500,000.

Cormark Securities Inc. and GMP Securities L.P. were co-lead underwriters of a syndicate of underwriters that included Canaccord Genuity Corp., Dundee Securities Corporation, Desjardins Securities Inc., National Bank Financial Inc. and Dahlman Rose & Company, LLC. The offering was made in the United States and Canada only by means of written prospectuses.

Cassels Brock & Blackwell LLP acted for Allied Nevada with a team that included Cameron Mingay, André Boivin and Eva Bellissimo (securities and mining) and Angela Chu (securities). Dorsey & Whitney LLP acted as US counsel to Allied Nevada with a team that included Randal Jones, Lisa Luebeck and Amanda Rose (corporate).

Wildeboer Dellelce LLP acted for the underwriters with a team that included Derek Sigel and Irene Kim (corporate/securities) and Andrea Shreeram (tax). Skadden, Arps, Slate, Meagher & Flom LLP acted as US counsel to the underwriters with a team that included Riccardo Leofanti, Ryan Dzierniejko and Terence Trinh (corporate).