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Argonaut Gold Receives Mexican Anti-Trust Approval and Final Order of the Ontario Superior Court of Justice to Approve Arrangement with Alamos Gold

Newswire.ca - Thu Jul 11, 3:05PM CDT

TORONTO, July 11, 2024 /CNW/ - Argonaut Gold Inc. (TSX: AR) ("Argonaut", "Argonaut Gold" or the "Company") announced today the receipt of the clearance decision from the Comisión Federal de Competencia Económica ("COFECE") and the final order of the Ontario Superior Court of Justice (Commercial List) with respect to the pending arrangement transaction between Argonaut and Alamos Gold Inc. ("Alamos").  COFECE approval and court approval were the final substantive regulatory and court approvals required prior to closing of the Arrangement, which is anticipated to occur in mid-July. Among other customary closing conditions, closing of the Arrangement is subject to approval from the TSX Venture Exchange (the "TSX-V") for the listing of the shares of Florida Canyon Gold Inc. ("SpinCo"), which will hold all of Argonaut's ownership interest in its United States and Mexican assets.

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