12:32 PM EST - Argonaut Gold Inc : Announced it has closed its previously announced best efforts marketed offering of 434,000,000 common shares of the Company at a price of C$0.45 per Offered Share, for gross proceeds to the Company of C$195,300,000. The net proceeds of the Offering will be used for the construction of the Company's 100% owned Magino project in Ontario, Canada and for general corporate purposes. Argonaut Gold Inc
shares T.AR are trading -$0.12 at $0.42.