Argonaut Gold Inc. (TSX:AR) announced private placement of 4,255,319 common shares at a price of CAD 2.35 per share for gross proceeds of CAD 9,999,999.65 on March 31, 2021. The issue price per share is at 8.3% premium to the closing price on March 30, 2021. The transaction included participation from new investor Ausenco Engineering Canada Inc.