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Alio's costly cash-up

Alio Gold (CN:ALO) has taken a big step towards financing its flagship Ana Paula project in Guerrero, Mexico, though the company’s planned C$50 million equity offer comes at an ugly discount and could weigh on the shares for some time.

Alio's costly cash-up Alio's costly cash-up Alio's costly cash-up Alio's costly cash-up Alio's costly cash-up

Wrong direction: Alio Gold shares head south on discounted equity raise

Alio, which changed its name from Timmins Gold earlier this year, launched the bought deal to close the gap on the US$137 million its needs to build Ana Paula, a gold-silver project expected to

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