“By combining Argonaut with Alio, we have created a diversified, intermediate gold producer with four producing mines, an enviable growth asset pipeline and increased capital markets scale,” said Argonaut president and CEO Pete Dougherty.

Argonaut common shares will continue trading on the TSX with no changes.

Alio shares are expected to cease trading on the NYSE American on July 1, and be de-listed from the TSX after close of business on July 3.