TORONTO, Aug. 19, 2019 /CNW/ – Argonaut Gold Inc. (TSX:AR) (the “Company”, “Argonaut Gold” or “Argonaut”) is pleased to announce that it has entered into an agreement with Cormark Securities Inc. (“Cormark”) to act as lead underwriter of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters shall purchase 1,176,500 common shares that qualify as “flow-through shares” of the Company for the purposes of the Income Tax Act(Canada) (“Flow-Through Common Shares”) at a price of C$3.40 per Flow-Through Common Share, on a “bought deal” private placement basis, for aggregate gross proceeds to the Company of approximately C$4.0 million (the “Offering”).