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Argo Gold Inc C.ARQ

Alternate Symbol(s):  ARBTF

Argo Gold Inc. is a Canada-based mineral exploration and development company. The Company is also an oil producer. It is engaged in the acquisition, exploration, and development of mineral properties, and is acquiring potential oil and gas assets for exploration and production. Its projects include Uchi Gold Project, Northwestern Ontario Gold Projects, Zinc Silver Cobalt Projects, and Oil and Gas Projects in Alberta. The Uchi Gold Project (which includes the Woco Gold Prospect) is located west of Uchi Lake at the south end of a series of gold mines (Uchi Mine) on a north-south trend. It has 100% ownership in six high-grade gold exploration projects in the north and northwestern regions of Ontario. It has one high-grade zinc-silver project in northern Ontario, the Hurdman Property near Timmins. The Hurdman Zinc-Silver Project has about 433 claims over 6,929 acres. It has a cobalt project in northern Ontario at Keelow Lake. The Company is engaged in oil production in Lindbergh oil well.


CSE:ARQ - Post by User

Bullboard Posts
Post by Stock20on Feb 06, 2020 3:05pm
178 Views
Post# 30653656

Why rush in financing by Eric Sprott ? Closing within 3 days

Why rush in financing by Eric Sprott ? Closing within 3 daysArgo Gold Announces Financing Toronto, Ontario--(Newsfile Corp. - February 4, 2020) - Argo Gold Inc. (CSE: ARQ) ("Argo Gold" or the "Company") is pleased to announce that it intends to complete a private placement offering of up to 11,200,000 units ("Units") at a price of $0.09 per Unit, for gross proceeds of up to $1,008,000 (the "Offering"). Eric Sprott has indicated his intention to take up all of the Offering. Each Unit will consist of one common share (a "Common Share") of the Company and one common share purchase warrant (a "Warrant") with each Warrant entitling the holder thereof to purchase a Common Share at an exercise price of $0.12 for a period of thirty-six (36) months following the closing of the Offering. All securities issued under the Offering are subject to a four-month and one day statutory hold period. The closing of the Offering is anticipated to take place on February 7, 2020. The closing is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Canadian Securities Exchange.
Bullboard Posts