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Alio still has funding questions

With the completion of a C$50 million (US$40 million) financing, Alio Gold (CN:ALO) has secured a good chunk of the funding for its low-cost Ana Paula project in Guerrero, Mexico.

Alio still has funding questions Alio still has funding questions Alio still has funding questions Alio still has funding questions Alio still has funding questions

Alio's San Francisco gold mine in Sonora, Mexico, is generating cash at current gold prices

But that financing has left considerable shrapnel in its wake, having been priced 16% below Alio’s shares at the time it was announced in late June.

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