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Argonaut Gold Announces Closing of US$57.5 Million Bought Deal Financing of 4.625% Senior Unsecured Convertible Debentures30.10.2020 | 13:22 Uhr | CNW
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, Oct. 30, 2020 - Argonaut Gold Inc. (TSX: AR) ("Argonaut Gold" or the "Company") is pleased to announce that it has closed its previously announced "bought deal" offering of US$57.5 million of 4.625% senior unsecured convertible debentures (the "Debentures") of the Company (including the full exercise of the Underwriters' over-allotment option) at a price of US$1,000 per Debenture (the "Offering"). The Debentures were offered and sold through BMO Capital Markets and Scotiabank (together, the "Underwriters") and are now listed on the Toronto Stock Exchange under the trading symbol 'AR.DB.U'. The Debentures will mature on November 30, 2025 (the "Maturity Date") and will bear interest at an annual rate of 4.625% payable semi-annually in arrears on May 31 and November 30 of each year, commencing May 31, 2021. At the holder's option, the Debentures may be converted to common shares of the Company ("Common Shares") at any time prior to the close of business on the earlier of the last business day immediately preceding the Maturity Date and the date fixed for redemption at a conversion rate of 350.1155 per US$1,000 principal amount of Debenture (equal to a conversion price of approximately US$2.86 per Common Share), subject to adjustment in certain circumstances in accordance with the debenture indenture entered into between Computershare Trust Company of Canada, as debenture trustee, and the Company (the "Debenture Indenture"). The Debentures issued under the Offering were offered by way of a short form prospectus dated October 27, 2020 in each of the provinces of Canada, except Québec. Copies of the final short form prospectus, the Debenture Indenture and documents incorporated by reference therein are available electronically under Argonaut Gold's issuer profile on SEDAR at www.sedar.com. The net proceeds of the Offering will be used to for the advancement of the Company's Magino Project and for general corporate purposes. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Argonaut Gold Cautionary Note Regarding Forward-looking Statements For more information, contact: Dan Symons Source: Argonaut Gold Inc. SOURCE Argonaut Gold Inc. Dieser Artikel stammt von Rohstoff-Welt.de
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