Exhibit 99.1
FORM 51-102F3
MATERIAL CHANGE REPORT
| Item 1: | | Name and Address of Company |
Alio Gold Inc. (“Alio” or the “Company”)
Suite 507 – 700 West Pender Street
Vancouver, British Columbia V6C 1G8
| Item 2: | | Date of Material Change |
November 14, 2019
A news release announcing the material change was disseminated over GlobeNewswire’s distribution network on November 14, 2019, and a copy was filed on the Company’s profile at www.sedar.com.
| Item 4: | | Summary of Material Change |
On November 14, 2019, Alio announced that it had signed and closed a three-year, $15 million loan facility (the "Facility”) with Sprott Private Resource Lending II, LP (“Sprott”) to fund construction of the new Phase II leach pad at Florida Canyon.
In conjunction with closing of the Loan Facility, Alio issued 1,286,228 shares to Sprott. Such shares are subject to a hold period under applicable securities legislation of four months and one day from their date of issue.
| Item 5: | | 5.1 - Full Description of Material Change |
On November 14, 2019, Alio announced that it had signed and closed a three-year, $15 million loan facility with Sprott to fund construction of the new Phase II leach pad at Florida Canyon.
Key Terms of the Facility are:
| · | Principal Amount of $15 million; |
| · | Maturity date of October 31, 2022; |
| · | Interest rate of 8% plus the greater of LIBOR and 2%; and |
| · | Amortization of the Facility in eight equal quarterly payments commencing January 31, 2021. |
In conjunction with closing of the Loan Facility, Alio issued 1,286,228 shares to Sprott. Such shares are subject to a hold period under applicable securities legislation of four months and one day from their date of issue.
5.2 - Disclosure for Restructuring Transactions
Not applicable.
| Item 6: | | Reliance on subsection 7.1(2) of National Instrument 51-102 |
Not applicable.
| Item 7: | | Omitted Information |
Not applicable.
For further information, please contact Leslie Kapusianyk, General Counsel, at 604-638-8972.
November 22, 2019
