Alamos Gold acquisition of Esperanza Gold Project

On August 30, 2013, Alamos Gold Inc. (Alamos) reported the completion of the previously announced acquisition of all of the issued and outstanding common shares of Esperanza Resources Corp. (Esperanza). Pursuant to the terms of the agreement outlined on July 13, 2013, Esperanza shareholders will receive C$0.85 in cash for each common share, restricted stock unit and option of Esperanza.

Shareholders of Esperanza were overwhelmingly supportive of the acquisition, with 96.25% of the votes cast in favour of the transaction at the special meeting of the shareholders held on August 27, 2013. On August 29, 2013, a final order was granted by the Supreme Court of British Columbia approving the plan of arrangement pursuant to which the transaction was implemented.

Further information can be found on Alamos' website.

Esperanza Resources Corp. is a precious metals exploration and development company focused on advancing its principal property, the wholly-owned Esperanza gold project (formerly referred to as the Cerro Jumil gold project) in Morelos State, Mexico.

Alamos Gold is a Canadian-based gold producer that owns and operates the Mulatos mine in Mexico and has exploration and development activities in Mexico and Turkey.