- Argonaut Gold (AR) has announced a bought deal private placement for gross proceeds of approximately $45 million
- The company will issue 3,400,000 Canadian Exploration Expense (CEE) and 13,800,000 Canadian Development Expense (CDE) flow-through common shares
- Argonaut Gold has also granted the underwriters an over-allotment option
- Net proceeds of the offering will be used to fund continued exploration and development activities at the Magino project
- Argonaut is a Canadian gold company
- Argonaut Gold Inc. (AR) opened trading at C$2.27 per share
Argonaut Gold (AR) has announced a bought deal private placement for gross proceeds of approximately $45 million.
The company will issue 3,400,000 Canadian Exploration Expense (CEE) and 13,800,000 Canadian Development Expense (CDE) flow-through common shares. Argonaut Gold has also granted the underwriters, led by BMO Capital Markets, an over-allotment option, exercisable up to 48 hours prior to the closing of the offering.
Net proceeds of the offering will be used to fund continued exploration and development activities at the Magino project and for general corporate purposes.
The offering is expected to close on or about March 3, 2022, and is subject to the approval of the Toronto Stock Exchange.
Argonaut is a Canadian gold company engaged in the exploration, mine development and production.
Argonaut Gold Inc. (AR) opened trading at C$2.27 per share.