INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Allied Nevada Gold Corp. (ANV) Over the Proposed Sale of the Company to China Gold Stone Mining Development

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Allied Nevada Gold Corp. (ANV)

Business Wire

NEW YORK--(BUSINESS WIRE)--

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Allied Nevada Gold Corp. (“Allied Nevada” or the “Company”) (NYSE MKT: ANV) for potential breaches of fiduciary duties in connection with their conduct related to the proposed sale of the Company to China Gold Stone Mining Development in a cash deal valued at approximately $1.25 billion. Under the terms of the proposed transaction, Allied Nevada’s stockholders will receive $7.50 for each share of Allied Nevada common stock they own. However, exactly one year ago on January 14, 2013, Allied Nevada closed at a price of $27.80.

Request more information now by clicking here: www.faruqilaw.com/ANV. There is no cost or obligation to you.

The investigation focuses on whether Allied Nevada’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Allied Nevada’s shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own common stock in Allied Nevada and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/ANV or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330

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