The moneys in the bank now..all the warrants are accounted for so the $115 million is in the bank..I still want to know whare the PDG $50 million went when the company was sold..

CEO and insider back pay ,benefits and holiday pay..sick pay..bonusses ...mostly I suppose.

Argonaut Gold gets $115-million from exercised warrants

2013-01-02 13:11 ET - News Release

Ms. Nichole Cowles reports

ARGONAUT GOLD PROVIDES UPDATE REGARDING EXERCISED WARRANTS WHICH EXPIRED ON DECEMBER 31, 2012

Argonaut Gold Inc. has provided an update in regard to the company's warrants, which expired on Dec. 31, 2012. In total, 25,744,277 warrants for the company were exercised, and the company received total proceeds of approximately $115-million.