why price lower than crisis raise unless (fill in blank)
TORONTO, July 5, 2022 /CNW/ - Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") is pleased to announce it has closed its previously announced best efforts marketed offering (the "Offering") of 434,000,000 common shares of the Company (the "Offered Shares") at a price of C$0.45 per Offered Share, for gross proceeds to the Company of C$195,300,000. The Offering was completed on a "best efforts" basis by a syndicate of agents led by BMO Capital Markets, Scotiabank, and Cormark Securities, and including Canaccord Genuity Corp., RBC Capital Markets, Desjardins Capital Markets, Echelon Wealth Partners, Laurentian Bank Securities, Paradigm, and Stifel GMP.