Friday, December 9, 2011

Alacer Gold Receives “Vote of Confidence”

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DG365FD46564GFH654FU898 Alacer Gold (ASR.TSX) announced that it has received notice from Lidya Madencilik San. ve Tic. A. Ş., (Lidya Mining), a subsidiary of Çalık Holding A.Ş., that it is exercising its call right pursuant to a shareholders’ agreement to subscribe for a further 15% of the issued and outstanding shares of Anagold Madencilik Sanayi ve Ticaret A.Ş. (Anagold) for $37.8 million. Highlights: * Anagold, a subsidiary of the Company, conducts the Company’s primary development and extraction activities for the Çöpler gold operations in Turkey * The purchase of the 15% of the issued and outstanding shares of Anagold will increase Lidya Mining’s holdings in Anagold to 20% and is expected to close within 30-60 days * The shareholders’ agreement among the Company, Kurudere Madencilik A.Ş., Anagold, Lidya Mining and Çalık Holding A.Ş. is dated August 12, 2009 and is available on SEDAR at



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