Manitou gold announces friendly acquisition by alamos gold at a 100% premium to market

Toronto, feb. 28, 2023 (globe newswire) -- manitou gold inc. (tsx-v: mtu) ("manitou") is pleased to announce that it has entered into a definitive arrangement agreement (the "agreement") dated february 28, 2023 pursuant to which alamos gold inc. (tsx: agi, nyse: agi) (“alamos”) will acquire all of the outstanding common shares of manitou ("manitou shares") not already owned by alamos, by plan of arrangement for deemed consideration of c$0.05 per manitou share (the "arrangement"), representing a total transaction value of approximately c$17.2 million (including shares already owned by alamos).
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