argonaut gold inc said wednesday that it intends to raise 15 million canadian dollars us112 million in a bought deal public offering to advance its ontario gold project canadabased argonaut gold said that it has entered into an agreement with a syndicate of underwriters to purchase for resale 313 million common shares at the company the shares are expected to be issued as flowthrough shares at a price of c048 apiece which is higher than tuesdays closing price of c041 argonaut gold has also granted an option to its underwriters to sell up to 15 more shares it said with the new funds the company expects to advance the development of its magino project it said