10:13 AM EST - Argonaut Gold Inc. : Has entered into an agreement with a syndicate of underwriters led by Scotiabank and Cormark Securities Inc., pursuant to which the Underwriters have agreed to buy on a “bought deal” private placement basis, subject to a right to substitute purchasers, for aggregate gross proceeds of approximately $15 million, as follows: (i) 6,613,800 common shares of the Company to be issued as “flow-through shares” with respect to “Canadian exploration expenses” at a price of $0.756 per CEE Flow-Through Share for gross proceeds of $5,000,033; and (ii) 14,925,500 common shares of the Company to be issued as “flow-through shares” with respect to “Canadian development expenses”) at a price of $0.67 per CDE Flow-Through Share for gross proceeds of $10,000,085. Argonaut Gold Inc.
shares T.AR are trading down $0.02 at $0.59.
