Allied Gold Limited Completes $150M Offering

Allied Gold Limited (TSX:ALG; ASX:ALD; AIM:AGLD) completed a public offering on December 18, 2009, of 456,699,000 ordinary shares, including 23,859,000 shares issued upon partial exercise of an agents' over-allotment option, at a price of $0.335 per share for aggregate gross proceeds of $152,994,165. The offering was conducted through a syndicate of agents led by Thomas Weisel Partners Canada Inc. and including Mirabaud Securities LLP, BMO Nesbitt Burns Inc., and CIBC World Markets Inc.

Allied Gold is an Australian-based gold production company that owns the Simberi Gold Project in Papua New Guinea and recently acquired the Gold Ridge Project in the Solomon Islands for redevelopment through its acquisition of Australian Solomons Gold Limited.

Wildeboer Dellelce LLP acted as counsel to Allied Gold with a team that included Vaughn MacLellan, Mark Wilson, Al Wiens, Sanjeev Patel and Alexandra Vazquez (corporate/securities); and Kevin Fritz and Andrea Shreeram (tax).

Blake, Cassels & Graydon LLP acted as counsel to the agents with a team that included David Glennie, Jennifer Maxwell and Catherine Youdan (corporate/securities) and Chris Van Loan and Andrew Spiro (tax).


David Glennie Kevin F. Fritz Andrea Shreeram Andrew Spiro Alfred Wiens Christopher R.J. Van Loan Sanjeev Patel Vaughn R. MacLellan Catherine Youdan