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Argo Gold completes sale of Rockstar property

Apr 6, 2018

2018-04-05 12:32 ET – News Release

Ms. Judy Baker reports

ARGO GOLD COMPLETES SALE OF ROCKSTAR GOLD PROPERTY

Argo Gold Inc. has sold its 100-per-cent interest in 16 unpatented mining claims comprising its Rockstar gold property located in the Sault Ste. Marie mining division to Manitou Gold Inc., pursuant to a mining claim acquisition agreement dated March 20, 2018. Pursuant to the terms of the agreement, the company sold the Rockstar property in exchange for:

$200,000 payable to the company;
Four million shares of Manitou issued to Argo Gold;
A 1-per-cent net smelter return royalty in favour of Argo Gold on the Rockstar property. Manitou can purchase 0.5 per cent of the royalty (so that the remaining royalty is equal to 0.5 per cent) from Argo Gold for the sum of $500,000.

About Argo Gold Inc.

Argo Gold is listed on the Canadian Securities Exchange under the ticker symbol ARQ. Argo Gold is focused on gold exploration projects located in Central and Northwestern Ontario. All of Argo Gold’s projects are 100 per cent owned and have indications of economic viability.

We seek Safe Harbor.

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