RENO, Nev., Jan. 14, 2014 /PRNewswire/ -- China Gold Stone Mining Development Limited (collectively, "China Gold Stone") announced today that they have commenced a cash tender offer (the "Tender Offer") for all of the outstanding shares of common stock, and related stock purchase rights, of Allied Nevada Gold Corp (the "Consent Solicitation"). Tendering shareholders will be paid $7.50 per share in cash. The Tender Offer and Consent Solicitation will expire at midnight, (one minute after 11:59 p.m.), New York City time, on January 24, 2014, unless extended or earlier terminated (the "Expiration Time").

This Tender Offer is subject to a number of conditions that are set forth in the Offer to Purchase, including, without limitation, (i) the consummation of acquirer due diligence, (ii) the receipt of the required consents and (iii) the execution and delivery of a definitive agreements.

We have engaged CB Capital Partners, Inc. to act as our financial advisor and have selected the law firm of Patterson Belknap Webb & Tyler LLP to act as our legal counsel.

This press release is for informational purposes only and does not constitute an offer to purchase or a solicitation of an offer to purchase or a solicitation of consents with respect to any Notes. The Tender Offer and Consent Solicitation are being made solely by the Offer to Purchase and the related letter of transmittal and consent, which sets forth the complete terms and conditions of the Tender Offer and Consent Solicitation. The Tender Offer is not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.

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About Allied Nevada Gold Corp

Allied Nevada Gold Corp., a gold and silver producer, focuses on the mining, development, and exploration of properties in Nevada. The company's principal products include unrefined gold and silver bars. It operates the Hycroft Mine, an open pit gold and silver heap leach operation located to the west of Winnemucca, Nevada. The company also has six properties, which include Maverick Springs, Mountain View, Hasbrouck, Three Hills, Wildcat, and Pony Creek/Elliot Dome. In addition, the company has approximately 90 other exploration properties. Allied Nevada Gold Corp. was incorporated in 2006 and is headquartered in Reno, Nevada.

About China Gold Stone Mining Development Limited

China Gold Stone Mining Development Limited is a large-scale mining company, engaging in the exploration, development and operation of assets in the nonferrous and rare earth industries. The company owns three gold mines in China, with a total value of approximately $15 Billion US Dollars. In recent years, it is working with China National Gold Corp. to develop and invest in global mining markets. China Gold Stone Mining Development Limited is registered in Hong Kong, China.

This press release contains forward-looking statements which include, but are not limited to, any statement that may predict, forecast, indicate or imply future results, performance, achievements or events. Forward-looking statements are based upon management's current plans and beliefs or current estimates of future results or trends. These forward-looking statements reflect our current views with respect to future events and are based on assumptions and subject to risks and uncertainties that may cause actual results to differ materially from trends, plans or expectations set forth in the forward-looking statements.

Given these risks and uncertainties, we urge you to read the tender offer materials completely and with the understanding that actual future results may be materially different from what we plan or expect. All of the forward-looking statements made in this press release, including statements related to the Tender Offer and Consent Solicitation, including the Expiration Time, Consent Payment Deadline, settlement dates and possible completion of the Tender Offer and Consent Solicitation, are qualified by these cautionary statements and investors are cautioned not to place undue reliance on these forward-looking statements. In addition, these forward-looking statements present our estimates and assumptions only as of the date hereof, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release, except, with respect to the Tender Offer and Consent Solicitation, as specifically set forth in this press release or as otherwise required by law.

For China Gold Stone Mining Development Limited media inquiries, please contact:
CB Capital Partners, Inc.
+1.949.415.7321
christopher.baclawski@cbcapital.com

SOURCE China Gold Stone Mining Development Limited