Alamos and argonaut close previously announced private placement

Toronto, april 04, 2024 (globe newswire) -- alamos gold inc. (“alamos”) (tsx:agi; nyse:agi) and argonaut gold inc. (“argonaut”) (tsx:ar) today announced the closing of their previously announced non-brokered private placement, pursuant to which alamos subscribed (the “private placement”) for 174,825,175 common shares of argonaut (the “acquired shares”), representing approximately 13.8% of argonaut's total outstanding common shares (the “common shares”) after giving effect to the private placement. the acquired shares were acquired at a price of c$0.286 per share, for total gross proceeds to argonaut of c$50,000,000.
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