Alamos and Argonaut Close Previously Announced Private Placement

TORONTO, April 4, 2024 /CNW/ - Alamos Gold Inc. ("Alamos") (TSX:AGI.TO) (NYSE:AGI) and Argonaut Gold Inc. ("Argonaut") (TSX:AR.TO) today announced the closing of their previously announced non-brokered private placement, pursuant to which Alamos subscribed (the "Private Placement") for 174,825,175 common shares of Argonaut (the "Acquired Shares"), representing approximately 13.8% of Argonaut's total outstanding common shares (the "Common Shares") after giving effect to the Private Placement. The Acquired Shares were acquired at a price of C$0.286 per share, for total gross proceeds to Argonaut of C$50,000,000.