Argonaut Gold’s $26.5 Million Flow-Through Financing

Cassels acted for the underwriters.

On February 17, 2021, Argonaut Gold Inc. completed an offering of 6,276,515 flow-through shares pursuant to a prospectus and 3,103,000 flow-through shares on a private placement basis at a price of $2.82 per flow-through share for aggregate gross proceeds of $26.5 million.

The offering was conducted by a syndicate of underwriters led by Cormark Securities Inc., and including Canaccord Genuity Corp., Echelon Wealth Partners Inc., Laurentian Bank Securities Inc., Paradigm Capital Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc. and Stifel Nicolaus Canada Inc.

Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production. Its primary assets are the El Castillo mine and San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico and the Florida Canyon mine in Nevada, USA. 

The Cassels team included Chad Accursi (Picture), James Lyle, Tiffany Chiu, and Aamir Chherawala (Securities and Mining).

Involved fees earner: Chad Accursi – Cassels Brock & Blackwell LLP; Aamir Chherawala – Cassels Brock & Blackwell LLP; Tiffany Chiu – Cassels Brock & Blackwell LLP; James Lyle – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: BMO Nesbitt Burns Inc; Canaccord Genuity; Cormark Securities Inc.; Echelon Wealth Partners Inc.; Laurentian Bank Securities Inc.; Paradigm Capital Inc.; Scotia Capital Inc.; Stifel Nicolaus Canada Inc.;

Martina Bellini

Author: Martina Bellini