Day: September 11, 2020

Pete Dougherty, President and CEO stated: “When you consider the value of Alio Gold when we announced the at-market merger less than six months ago, you can begin to recognize the tremendous value-creation opportunity Argonaut’s board and management saw at the time of the merger. The proceeds of this transaction support Argonaut’s focus on the development of our Magino gold project in Ontario, Canada by providing upfront capital while still providing Argonaut shareholders with upside participation in the Ana Paula Project through Argonaut’s equity ownership in the Resulting Issuer, a contingent payment upon a construction announcement and a royalty.”

“These are very exciting and busy times for Colibri and its shareholders.” says Ian McGavney COO of Colibri. “In addition to the on-going exploration at the Evelyn Gold Project, which is being completed in preparation for a fall drill program, our option partners Tocvan Ventures and Silver Spruce Resources are also advancing the Pilar and El Mezquite projects respectively. Both companies are also working towards completing drill programs this fall.”