Argonaut Gold (TSE:AR) has released an update.
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Alamos Gold Inc. has finalized its acquisition of Argonaut Gold Inc., enhancing its status as a Canadian-focused intermediate gold producer with the Magino mine adding to their asset portfolio. Argonaut’s other assets have formed a new company, Florida Canyon Gold Inc., with Alamos securing a 19.99% stake through a private placement. Argonaut’s shares will be delisted from the Toronto Stock Exchange as Florida Canyon Gold’s shares begin trading on the TSX Venture Exchange.
For further insights into TSE:AR stock, check out TipRanks’ Stock Analysis page.
