Argo Gold Inc. (CNSX:AEA) announced a non-brokered private placement of 663,983 common shares at CAD 0.10 for proceeds of CAD 66,398.3 and 1,468,500 flow-through shares at CAD 0.12 per share for proceeds of CAD 176,220 for gross proceeds of CAD 242,618.3 on January 3, 2017. The company paid finder’s fee of CAD 11,439.4 and issued 91,245 broker warrants to the finders in the transaction. Each broker warrant entitles the holder to acquire one additional common share at CAD 0.12 per share for a period of two years from the date of issuance. The securities issued are subject to hold period of four months.