Argonaut raises C$15 million for Magino gold exploration

With the assistance of a syndicate led by Cormark Securities, Argonaut will problem virtually 31.3 million flow-through shares at a value of C$0.48 every for gross proceeds of C$15 million.

The underwriters have additionally been granted an choice for an extra 15%, exercisable in entire or half as much as 48 hours previous to the closing of the providing. Closing is predicted on or about Nov. 17, 2022.

Development at Magino is about 70% full. Work has began on the second stage of the tailings administration facility, and all main course of tools have been positioned within the mill.

Pumping, piping and electrical methods are being put in and winterized. 4 everlasting mills have been put in.

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