On May 24, 2023, Argonaut Gold Inc. completed a bought deal private placement of 6,613,800 Canadian Exploration Expense common shares and 18,656,800 Canadian Development Expense common shares that will qualify as flow-through shares for aggregate gross proceeds of approximately $17.5 million.
The offering was conducted by a syndicate of underwriters co-led by Scotiabank and Cormark Securities Inc., and included BMO Nesbitt Burns Inc., Desjardins Securities Inc., Echelon Wealth Partners Inc., Laurentian Bank Securities Inc., Paradigm Capital Inc. and RBC Dominion Securities Inc.
Cassels acted for the underwriters.