CORRECTION FROM SOURCE: Argo Gold Closes First Tranche of Financing
Toronto, Ontario--(Newsfile Corp. - May 2, 2023) - Argo Gold Inc. (CSE: ARQ) ("Argo Gold" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement of 3,650,000 shares at a price of $0.10 per Share for gross proceeds of $365,000 (the "Offering"). All securities issued under the Offering are subject to a four-month and one day statutory hold period.
- Prior to the private placement, Mr. Sprott beneficially owned or controlled 11,200,000 Shares of the Company representing approximately 17.0% on a non-diluted basis.
- Toronto, Ontario--(Newsfile Corp. - May 2, 2023) - Argo Gold Inc. (CSE: ARQ) ("Argo Gold" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement of 3,650,000 shares at a price of $0.10 per Share for gross proceeds of $365,000 (the "Offering").
- All securities issued under the Offering are subject to a four-month and one day statutory hold period.
- Prior to the private placement, Mr. Sprott beneficially owned or controlled 11,200,000 Shares of the Company representing approximately 17.0% on a non-diluted basis.