Argo to Renew Its Normal Course Issuer Bid
Argo to Renew Its Normal Course Issuer Bid
Toronto, Ontario--(Newsfile Corp. - July 3, 2026) - Argo Gold Inc.
(CSE: ARQ) (OTC Pink: ARBTF)
(XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS)
("
Argo
" or the "
Company
") announces that it
intends to renew its normal course issuer bid ("
NCIB
") to purchase for cancellation, from time to time
over a 12-month period starting July 3, 2026, common shares ("
Common Shares
") of the Company in
an aggregate amount of up to 2,701,820 Common Shares, representing 5 percent of Argo's issued and
outstanding Common Shares. The NCIB will end on July 2, 2027, unless the maximum number of
Common Shares is purchased before then or Argo provides earlier notice of termination.
Since the inception of the original NCIB in mid-2024 to present, Argo Gold has purchased 2,007,807
shares out of the market and cancelled 2,007,807 shares.
The board and management of the Company believe that the market price of the Common Shares may
not fully reflect the value of its business and prospects, and as such believes that purchasing the
Common Shares for cancellation is an appropriate strategy for increasing long-term shareholder value
and represents an appropriate use of the Company's financial resources.
The purchase and payment for the Common Shares will be made by Argo through the facilities of the
Canadian Securities Exchange ("
CSE
") or alternative trading systems. The price paid for the Common
Shares will be, subject to the applicable laws, the prevailing market price of such Common Shares on
the CSE at the time of such purchase. Any Common Shares purchased by the Company will be
cancelled.
About Argo Gold
Argo Gold is a Canadian mineral exploration and development company, and an oil producer.
Information on Argo Gold can be obtained from SEDAR+ at
www.sedarplus.ca
and on Argo Gold's
website at
www.argogold.com
. Argo Gold is listed on the Canadian Securities Exchange
(
www.thecse.com
) CSE:
ARQ
as well as OTC:
ARBTF
and XFRA, XSTU, XBER:
A2ASDS.
Judy Baker, CEO
(416) 786-7860
www.argogold.com
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES
PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/303920