Feb 23 (Reuters) - Argonaut Gold Inc AR.TO :
* Argonaut Gold Inc announces c$40 million bought deal financing
* Has entered into an agreement with a syndicate of underwriters led by BMO capital markets
* Net proceeds of offering will be used for acquisition of properties adjacent to El Castillo mine
* Underwriters have agreed to buy on bought deal basis 16.7 million common shares at a price of c$2.40 per common share Source text for Eikon: Further company coverage: AR.TO