Argonaut Gold Announces $15 Million Bought Deal Public Offering of Flow-Through Shares
Summary
The Company will renounce all such CDE in favour of the subscribers of the CDE Flow-Through Shares effective on or before May 31, 2023.The CDE Flow-Through Shares will be offered by way of a prospectus supplement to the Companys short form base shelf prospectus dated June 2, 2022, to be filed in all of the provinces and territories of Canada (other than the province of Qu\xe9bec) and some may be resold in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and in such other jurisdictions outside of Canada and the United States as agreed to by the Company, in each case in accordance with all applicable laws and provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction.Closing is expected on or about November 17, 2022 and is subject to Toronto Stock Exchange and other necessary regulatory approvals.The CDE Flow-Through Shares have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. The Company also holds the construction stage Magino project, the advanced exploration stage Cerro del Gallo project and several other exploration stage projects, all of which are located in North America.For more information, contact: Argonaut Gold Inc. Joanna Longo Investor Relations Phone: 416-575-6965 Email: [email protected]This news release contains certain "forward-looking statements" and "forward-looking information" under applicable Canadian securities laws concerning the business, operations and financial performance and condition of Argonaut Gold. Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements include risks of the mining industry, the spread of COVID-19 and the impact of government policies to ameliorate COVID-19, failure of plant, equipment or processes to operate as anticipated, changes in market conditions, variations in ore grade or recovery rates, risks relating to international operations, fluctuating metal prices and currency exchange rates, changes in project parameters, the possibility of project cost overruns or unanticipated costs and expenses and labour disputes. These factors are discussed in greater detail in Argonauts (i) most recent Annual Information Forms, and (ii) most recent Management Discussion and Analysis, which are each filed on Argonauts SEDAR profile and provide additional general assumptions in connection with these statements. Argonaut undertakes any obligation to update forward-looking statements if circumstances or managements estimates or opinions should change except as required by applicable securities laws.