Argyle Announces Closing of Private Placement Offerings
Argyle Resources Corp. has closed a non-brokered private placement, raising approximately $999,998.65 through the issuance of 1,176,469 units at $0.85 per unit. Each unit includes one common share and one purchase warrant, allowing holders to buy a common share at $1.05 within 24 months. The shares qualify as 'flow through shares' under the Income Tax Act (Canada), with proceeds intended for Canadian exploration expenses that qualify as flow-through mining expenditures, which will be renounced to unit purchasers.
Argyle Resources Corp. ha chiuso un collocamento privato non intermediarato, raccogliendo circa $999,998.65 attraverso l'emissione di 1,176,469 unità a $0.85 per unità. Ogni unità comprende una azione comune e un warrant di acquisto, che consente ai detentori di comprare un'azione comune a $1.05 entro 24 mesi. Le azioni si qualificano come 'azioni flow-through' ai sensi della Legge sull'imposta sul reddito (Canada), con introiti destinati a spese di esplorazione canadese che si qualificano come spese minerarie flow-through, le quali saranno rinunciate agli acquirenti delle unità.
Argyle Resources Corp. ha cerrado una colocación privada no mediada, recaudando aproximadamente $999,998.65 a través de la emisión de 1,176,469 unidades a $0.85 por unidad. Cada unidad incluye una acción común y una garantía de compra, que permite a los titulares comprar una acción común a $1.05 dentro de los 24 meses. Las acciones califican como 'acciones flow-through' según la Ley del Impuesto sobre la Renta (Canadá), con los ingresos destinados a gastos de exploración canadienses que califiquen como gastos mineros flow-through, que serán renunciados a los compradores de las unidades.
Argyle Resources Corp.는 비중개 사모 투자 유치와 함께 약 $999,998.65를 모집하였으며, $0.85의 가격으로 1,176,469개의 유닛을 발행하였습니다. 각 유닛에는 하나의 보통주와 하나의 구매 보증서가 포함되어 있으며, 보증서 소지자는 24개월 이내에 $1.05에 보통주를 구매할 수 있습니다. 주식은 소득세법(캐나다)에 따라 '플로우 스루 주식'으로 분류되며, 수익금은 플로우 스루 채굴 비용으로 인정되는 캐나다 탐사 비용에 사용될 예정이며, 이는 유닛 구매자에게 포기될 것입니다.
Argyle Resources Corp. a clôturé un placement privé non intermédié, levant environ $999,998.65 grâce à l'émission de 1,176,469 unités au prix de $0.85 par unité. Chaque unité comprend une action ordinaire et un bon de souscription, permettant aux détenteurs d'acheter une action ordinaire à $1.05 dans les 24 mois. Les actions sont considérées comme des 'actions flow-through' en vertu de la Loi sur l'impôt sur le revenu (Canada), avec des produits destinés aux dépenses d'exploration canadiennes qui sont considérées comme des dépenses d'exploitation minière flow-through, lesquelles seront renoncées aux acheteurs des unités.
Argyle Resources Corp. hat eine nicht vermittelte Privatplatzierung abgeschlossen und etwa $999,998.65 durch die Ausgabe von 1,176,469 Einheiten zu $0.85 pro Einheit gesammelt. Jede Einheit umfasst eine Stammaktie und ein Kaufwarrant, das den Inhabern das Recht gibt, innerhalb von 24 Monaten eine Stammaktie zu einem Preis von $1.05 zu erwerben. Die Aktien qualifizieren sich als 'Flow-Through-Aktien' gemäß dem Einkommenssteuergesetz (Kanada), wobei die Einnahmen für kanadische Erkundungsausgaben vorgesehen sind, die als Flow-Through-Minenaufwendungen anerkannt werden und auf die Erwerber der Einheiten renunciated werden.
- Successful fundraising of approximately $1 million through private placement
- Warrants provide potential for additional future capital at $1.05 per share
- Tax-advantaged structure through flow-through shares benefits investors
- Potential dilution of existing shareholders through new share issuance
- Warrant exercise price at $1.05 could create selling pressure at that level
Calgary, Alberta--(Newsfile Corp. - December 2, 2024) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company") is pleased to announce that it has closed its previously announced (please see news release dated November 15, 2024) non-brokered private placement (the "FT Private Placement"), for gross proceeds of approximately
The FT Shares are intended to qualify as "flow through shares" within the meaning of the Income Tax Act (Canada) (the "Tax Act"). The proceeds from the issuance of the FT Units are intended to be used to incur "Canadian exploration expenses" that qualify as "flow-through mining expenditures", as such terms are defined in the Tax Act, which the Company intends to renounce to the purchasers of the FT Units.
ON BEHALF OF THE BOARD OF DIRECTORS
'Jeffrey Stevens'
President & CEO
About Argyle Resources Corp.
Argyle Resources Corp. is a junior mineral exploration company engaged in the business of acquiring, exploring, staking and evaluating natural resource properties in North America. The Company currently holds an option to acquire up to
For all other inquiries:
Email: info@argylresourcescorp.com
Phone: (825) 724-0033
Website: www.argyleresourcescorp.com
Forward-Looking Statements
This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include but are not limited to all and the risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company.
The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232019
FAQ
How much did Argyle Resources (ARLYF) raise in its December 2024 private placement?
What is the exercise price and term of Argyle Resources' (ARLYF) warrants from the December 2024 placement?
How many units did Argyle Resources (ARLYF) issue in its December 2024 flow-through private placement?
