Argo Living Soils Corp. Announces End of License Agreement with Canadian AgriChar Inc.
Argo Living Soils Corp. (CSE: ARGO) announces the termination of its license agreement with Canadian AgriChar Inc., along with the resignation of Ken Bowman as a director and officer. The board of directors now consists of Peter Hoyle, Robert Intile, and Hector Diakow. Argo will focus on joint research and development of biochar in Malaysia and continue its collaboration with Pacific Composting Inc. to establish a leading organic soil.
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Vancouver, British Columbia--(Newsfile Corp. - April 30, 2024) - Argo Living Soils Corp. (CSE: ARGO) (FSE: 94Y) (OTC Pink: ARLSF) ("Argo" or the "Company") announces the termination of its license agreement with Canadian AgriChar Inc. The Company also announces the resignation of Ken Bowman as a director and officer of the Company. The board of directors of the Company is currently comprised of Peter Hoyle, Robert Intile and Hector Diakow.
Moving forward, the Company continues to focus its efforts on jointly conducting research and development of biochar for agricultural and industrial applications in Malaysia at University Putra Malaysia with Connective Global SDN BHD pursuant to the previously announced memorandum of understanding (see news releases of March 5, 2024, April 2, 2024, April 9, 2024, April 19, 2024.). In addition, the Company continues to collaborate with Pacific Composting Inc. pursuant to its joint venture to establish a leading organic soil. The joint venture is a collaboration between Argo and Pacific Composting, designed to integrate Argo's worm casting operations into Pacific Composting's existing operation and create specialty products such as worm castings that can be further used by Pacific Composting in their product lines.
About Argo Living Soils Corp.
The company specializes in producing and developing organic products, including soil amendments, living soils, biofertilizers, and vermicompost and compost extracts formulated specifically for high-value crops. The company's vision and overall business plan are to create an established brand of organic and/or environmentally friendly products. The company was founded in 2018, and its production facilities have been expanded and relocated to Duncan, B.C., in a joint venture with Pacific Composting.
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For further information please contact:
Peter Hoyle
Chief Executive Officer
Argo Living Soils Corp.
Tel: (604) 961-2877
Email: peter.hoyle@shaw.ca
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, successful completion of the 12 month research phase, and the Company integrating worm casting operations into Pacific Composting's existing operation and creating specialty products to be used by Pacific Composting in their product lines. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will", "will have", "intend" "plans", "aims", "potential" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are from those expressed or implied by such forward-looking statements or forward-looking information subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different, including receipt of all necessary regulatory approvals. Although management of the Company have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/207509
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