Argo Gold Inc. (CNSX : ARQ) entered into an agreement to acquire 18,000 contiguous acres in the Clearwater Play around the Nipisi area of Alberta from Tamarack Valley Energy Ltd. (TSX : TVE) for CAD 0.73 million.

Argo Gold Inc. (CNSX : ARQ) entered into an agreement to acquire 18,000 contiguous acres in the Clearwater Play around the Nipisi area of Alberta from Tamarack Valley Energy Ltd. (TSX : TVE) for CAD 0.73 million on November 7, 2022. The transaction is subject to normal closing conditions and customary due diligence. The transaction is expected to close by January 31, 2023.

Transaction financed by a private placement offering of up to 25,000,000 shares at a price of CAD0.10 per share, for gross proceeds of up to CAD2,500,000.