May 4 (Reuters) - Argonaut Gold Inc AR.TO :
* ARGONAUT GOLD AND ALIO GOLD MERGER RECEIVES POSITIVE RECOMMENDATION FROM PROXY ADVISOR FIRM, INSTITUTIONAL SHAREHOLDER SERVICES INC.
* ARGONAUT GOLD - ISS RECOMMENDS ARGONAUT & ALIO SHAREHOLDERS VOTE IN FAVOUR OF RESOLUTIONS TO BE VOTED ON AT SPECIAL MEETING OF SHAREHOLDERS TO BE HELD ON MAY 20