Alamos Gold, Inc. (TSE:AGI) has released an update.
Alamos Gold Inc. has completed a substantial private placement by acquiring 13.8% of Argonaut Gold Inc.’s common shares for C$50 million, as part of a broader agreement to eventually acquire all outstanding shares. This strategic investment, acquired at C$0.286 per share, will provide Argonaut with necessary funds for immediate liquidity, the advancement of its Magino Gold mine, and other operational needs.
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