Allied Nevada Gold Stock Shoots Up On ‘Erroneous’ Chinese Buyout Offer

Shares of Allied Nevada Gold Corp. (NYSEMKT:ANV) (TSE:ANV) shot up to a high of $4.95 yesterday on the news that China Gold Stone Mining Development, a little-known Chinese mining company had commenced a cash tender offer for all of its outstanding shares of common stock, and related stock purchase rights, for $7.50 per share in cash, with the said offer scheduled to expire on January 24, 2014. Allied Nevada Gold puts shareholders and exchanges on alert Allied Nevada Gold Corp. (NYSEMKT:ANV) (TSE:ANV) responded to the ‘offer,’ saying it “questions the credibility of the Proposal and advises shareholders to review announcements from…