IKN

untune that string and hark

Argonaut Gold (AR.to) prices its placement

Here’s the NR, here’s the info:

“…entered into an agency agreement in connection with the marketed offering (the “Offering”) of 434,000,000 common shares of the Company (“Common Shares”, and Common Shares offered pursuant to the Offering being the “Offered Shares”) at a price of C$0.45 per Offered Share (for gross proceeds of approximately C$195 million) with a syndicate of…”

And…

Together with the previously announced …. total debt Facilities limit of US$250 million, the Company believes it is fully financed to complete the construction of its 100% owned Magino Project in Ontario, Canada. The project remains on schedule for first gold pour by the end of March 2023.

Absolutely scandalous.

2 Comments

    A Beaten Down Prospectors Cabin In The Woods The Deep Dark Woods of British Columbia 23/06/22 9:38 pm

    Only 434 million shares, heck might as well double it, cough, cough

    Reply

    Back in the day my Dad would do this in his shop. People would enter needing to sell their jewellery for whatever reason. He saw their desperation and would low-ball them; picking up diamonds worth £10,000 for £1,000.

    Reply

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