|[March 24, 2014]
SHAREHOLDER ALERT: Investigation on Behalf of Allied Nevada Gold Corp. Investors Announced by Law Offices of Howard G. Smith
BENSALEM, Pa. --(Business Wire)--
Offices of Howard G. Smith announces that it is investigating
potential claims on behalf of investors of Allied Nevada Gold Corp.
("Allied Nevada" or the "Company") (NYSE MKT: ANV), including purchasers
in connection with the Company's Secondary Offering at $10.75 on May 17,
2013. The investigation concerns possible violations of federal
securities laws and focuses on certain statements issued by the Company
concerning Allied Nevada's business, operations and financial prospects.
All persons or entities who purchased or acquired Allied Nevada shares
in the Company's Secondary Offering may have special rights separate and
apart from other purchasers of Allied shares.
Allied Nevada is a gold producer engaged in the mining, development and
exploration of properties in Nevada. The Company operates the Hycroft
Mine -- an open pit heap leach operation situated to the west of
Winnemucca, Nevada. The investigation is related to the Company's
statements concerning the Company's financial performance, mill
construction at the Hycroft site, and additional drilling, lime and
cyanide costs associated with the Lewis leach pad remediation project.
In addition, on August 6, 2013, the Company disclosed that, as a result
of continuing weak cash flow from operations, the Company would defer
the construction of the mill at Hycroft until completing of a revised
feasibility study. As a result of these disclosures, the price of Allied
Nevada shares dropped from $5.90 per share on August 5, 2013, to a
closing price of $3.73 per share on August 7, 2013, on heavy trading
If you purchased Allied Nevada shares, including shares acquired in
connection with the Company's May 17, 2013, Secondary Offering at
$10.75, if you have information or would like to learn more about these
claims, or if you have any questions concerning this announcement or
your rights or interests with respect to these matters, please contact
Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070
Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at
215-638-4847, Toll-Free at 888-638-4847, or by email to firstname.lastname@example.org,
or visit our website at www.howardsmithlaw.com.
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