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Fort Capital Partners is pleased to announce that Minera Alamos Inc. (TSXV:MAI) (“Minera Alamos”) and Corex Gold Corp. (TSXV:CGE) (“Corex”) have entered into a definitive arrangement agreement to combine the two companies, creating a well-funded, multi-asset Mexican gold development company. Post-closing, existing Minera Alamos and Corex shareholders will each own approximately 50% of the combined company, which will operate under the Minera Alamos name.
The pro forma company will feature three advanced-stage gold-silver assets in Mexico (Santana, La Fortuna and Guadalupe de los Reyes) and will target near‑term gold production with a growing resource base. Management has also identified immediate synergy opportunities between Corex’s Santana claim area and Minera Alamos’ contiguous claims at Los Verdes. Supported by its significant shareholder Osisko Gold Royalties, the company will continue to pursue an aggressive growth strategy to build a significant new gold producer in Latin America.
The Minera Alamos Board of Directors will be significantly enhanced with the addition of Chester Millar (former Chairman of Eldorado Gold, Glamis Gold, Alamos Gold and Castle Gold) and current Corex CEO Doug Ramshaw, a mining geologist and capital markets professional with more than two decades of global industry experience. Minera Alamos will be led be CEO Darren Koningen, who has significant experience developing and operating low-cost mines.
Fort Capital Partners acted as financial advisor to Corex with respect to the transaction