Argonaut Gold Announces Closing of C$126.5 Million Bought Deal Financing

AR-Press-Release-re-Closing-of-Offering-July232020

TORONTO, July 23, 2020 /CNW/ – Argonaut Gold Inc. (TSX: AR) (“Argonaut Gold” or the “Company“) is pleased to announce that it 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’ over-allotment option, the “Common Shares“) at a price of C$2.55 per Common Share for aggregate gross proceeds of C$126,502,185 (the “Offering“). The Common Shares were offered and sold through a syndicate of underwriters led by BMO Capital Markets (collectively, the “Underwriters“).

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