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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