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  • Argo Gold Inc. (ARQ) has signed an agreement to acquire 7,600 hectares of Clearwater oil land in Alberta
  • Surface preparation and equipment installments at the Lindberg area Sparky Oil Well that Argo is participating in will be completed before spring break up
  • Argo announced plans to complete a private placement offering of up to 25,000,000 shares for gross proceeds of up to $2,500,000
  • Argo Gold is a Canadian mineral exploration and development company
  • Argo Gold Inc (ARQ) opened trading at C$0.10.

Argo Gold Inc. (ARQ) has signed an agreement to acquire 7,600 hectares of Clearwater oil land in Alberta.

Argo Gold will pay $725,000 to a private energy producer to acquire the interest in the oil lands by January 31, 2023. Argo Gold expects to begin exploration activities at Clearwater in 2023. Clearwater is the leading growth oil production area in the Canadian energy sector.

Argo has been advised by Croverro Energy that surface preparation and equipment installments at the Lindberg area Sparky Oil Well that Argo is participating in will be completed before spring break up, and the oil well drilling will commence post-spring break up.

Argo announced plans to complete a private placement offering of up to 25,000,000 shares for gross proceeds of up to $2,500,000. The proceeds will be used for the acquisition of the Clearwater oil land, participation in the Sparky Oil Well, the Nisku Oil Farmins, and general corporate purposes.

Argo Gold is a Canadian mineral exploration and development company.

Argo Gold Inc (ARQ) opened trading at C$0.10.


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