(Updates)

• Shares of Allied Gold fell more than ~18% to C$24.29

• AAUC says its planned C$5.5 billion ($3.90 billion) sale to China's Zijin Gold was terminated after the companies concluded they were unlikely to satisfy closing conditions by the agreed deadline

• "The termination of the Arrangement Agreement relates to broader external factors applicable to cross-border transactions of this scale" - AAUC

• Says Zijin agreed to invest $295 million for a 9.2% stake in AAUC

• Including session's moves, AAUC shares were down 23.3% YTD

(Reporting by Sumit Saha and Dharna Bafna in Bengaluru)