Argonaut Gold Files Early Warning Report in Respect of Magna Gold Corp.

TORONTO, March 8, 2022 /CNW/ – Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) announces that it has filed an early warning report in respect of its holdings in Magna Gold Corp. (“Magna”). On March 7, 2022, Argonaut sold an aggregate of 9,740,000 common shares of Magna (“Magna Shares”), at a price of $0.70 per Magna Share for aggregate gross proceeds of $6,818,000 (the “Transaction”). In connection with the Transaction, Argonaut paid a trading commission of $0.015 per Magna Share, for aggregate net proceeds of $6,671,900. All dollar amounts are expressed in Canadian dollars.

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