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Argonaut Gold Inc. (0UIK.L)
- GlobeNewswire
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 Placemen
- Zacks
Alamos Gold (AGI) to Boost Capacity With Argonaut Acquisition
Alamos Gold (AGI) to buy its peer Argonaut for $325 million to increase its gold production.
- Reuters
CANADA STOCKS-TSX climbs on mining boost; Alamos Gold shines
Canada's main stock index rose on Wednesday, boosted by gains in precious metals miners, while Alamos Gold was among the best performers after it announced a deal to buy smaller rival Argonaut. At 10:05 a.m. ET (1405 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 46.04 points, or 0.21%, at 21,958.56. "Adding to the positive price action, there remains a healthy level of skepticism in the market, corporate earnings have come in better than expected and the economy continues to display remarkable resilience," said Brandon Michael, senior analyst at ABC Funds, in Toronto.
