04:52:56 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Argonaut Gold Inc
Symbol AR
Shares Issued 238,833,833
Close 2020-07-23 C$ 2.52
Market Cap C$ 601,861,259
Recent Sedar Documents

Argonaut Gold closes $126.5-million bought deal

2020-07-23 10:44 ET - News Release

Mr. Dan Symons reports

ARGONAUT GOLD ANNOUNCES CLOSING OF C$126.5 MILLION BOUGHT DEAL FINANCING

Argonaut Gold Inc. has closed its previously announced bought deal public offering of 49,608,700 common shares of the company (including the full exercise of the underwriters' overallotment option) at a price of $2.55 per common share for aggregate gross proceeds of $126,502,185. The common shares were offered and sold through a syndicate of underwriters led by BMO Capital Markets.

The common shares issued under the offering were offered by way of a short form prospectus dated July 17, 2020, in each of the provinces of Canada, except Quebec. Copies of the final short form prospectus and documents incorporated by reference therein are available electronically under Argonaut Gold's issuer profile on SEDAR.

The net proceeds of the offering will be used for the advancement of the company's Magino project and for general corporate purposes.

About Argonaut Gold Inc.

Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production. Its primary assets are the El Castillo mine and San Agustin mine, which together form the El Castillo complex, in Durango, Mexico, the La Colorada mine in Sonora, Mexico, and the Florida Canyon mine in Nevada, United States. Advanced exploration projects include the Magino project in Ontario, Canada, the Cerro del Gallo project in Guanajuato, Mexico, and the Ana Paula project in Guerrero, Mexico.

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