Argyle Announces Closing of Private Placement Offerings
Argyle Resources has successfully closed its non-brokered private placement, raising gross proceeds of $1,002,500.14 through the issuance of 1,855,926 FT Units at $0.54 per unit. Each unit comprises one common share and one purchase warrant, allowing holders to buy additional shares at $0.65 within 24 months.
The FT Shares qualify as 'flow through shares' under the Income Tax Act (Canada). Proceeds will be used for Canadian exploration expenses qualifying as 'flow-through critical mineral mining expenditures', which the company plans to renounce to subscribers per Tax Act requirements.
Argyle Resources ha chiuso con successo il suo collocamento privato non mediato, raccogliendo proventi lordi di $1,002,500.14 mediante l'emissione di 1,855,926 Unità FT a $0.54 per unità. Ogni unità è composta da una azione comune e un warrant di acquisto, che consente ai titolari di acquistare azioni aggiuntive a $0.65 entro 24 mesi.
Le Azioni FT qualificano come 'azioni flow-through' secondo la Legge sul Reddito (Canada). I proventi saranno utilizzati per spese di esplorazione canadese che qualificano come 'spese minerarie critiche flow-through', che l'azienda prevede di rinunciare ai sottoscrittori come richiesto dalla Legge Fiscale.
Argyle Resources ha cerrado con éxito su colocación privada no mediada, recaudando ingresos brutos de $1,002,500.14 a través de la emisión de 1,855,926 Unidades FT a $0.54 por unidad. Cada unidad está compuesta por una acción común y una opción de compra, que permite a los titulares comprar acciones adicionales a $0.65 dentro de 24 meses.
Las Acciones FT califican como 'acciones exentas' bajo la Ley del Impuesto sobre la Renta (Canadá). Los ingresos se utilizarán para gastos de exploración canadienses que califiquen como 'gastos mineros críticos exentos', que la compañía planea renunciar a los suscriptores según los requisitos de la Ley Fiscal.
Argyle Resources는 비중개 사모 배급을 성공적으로 마감하여, 1,855,926 FT 유닛을 주당 $0.54의 가격으로 발행하여 총 $1,002,500.14의 총 수익을 올렸습니다. 각 유닛은 하나의 보통주와 하나의 매수 보증서로 구성되어 있으며, 보증서 보유자는 24개월 이내에 $0.65에 추가 주식을 구매할 수 있습니다.
FT 주식은 소득세법(캐나다) 하에 '흐름 주식'으로 인정받습니다. 수익금은 '흐름 비판적 광물 채굴 비용'으로 인정받는 캐나다 탐사 비용에 사용될 예정이며, 회사는 세법 요구 사항에 따라 구독자에게 포기할 계획입니다.
Argyle Resources a réussi à clore son placement privé non medié, levant des revenus bruts de $1,002,500.14 grâce à l'émission de 1,855,926 unités FT à $0.54 par unité. Chaque unité se compose d'une action ordinaire et d'un bon de souscription, permettant aux détenteurs d'acheter des actions supplémentaires à $0.65 dans un délai de 24 mois.
Les actions FT sont qualifiées d'actions 'flow-through' en vertu de la Loi sur l'impôt sur le revenu (Canada). Les fonds seront utilisés pour des dépenses d'exploration canadiennes qualifiées comme des 'dépenses minières critiques en flow-through', que la société prévoit de renoncer aux abonnés conformément aux exigences de la Loi fiscale.
Argyle Resources hat erfolgreich seine nicht vermittelte Privatplatzierung abgeschlossen und brutto $1,002,500.14 durch die Ausgabe von 1,855,926 FT-Einheiten zu je $0.54 pro Einheit gesammelt. Jede Einheit besteht aus einer Stammaktie und einem Kauf-Warrant, der den Inhabern ermöglicht, innerhalb von 24 Monaten zusätzliche Aktien zu einem Preis von $0.65 zu kaufen.
Die FT-Aktien qualifizieren sich als 'Flow-Through-Aktien' gemäß dem Einkommensteuergesetz (Kanada). Die Erlöse werden für kanadische Explorationsausgaben verwendet, die als 'Flow-Through-Ausgaben für kritische Mineralien' qualifiziert sind, wovon das Unternehmen plant, sie gemäß den Anforderungen des Steuergesetzes an die Zeichner abzutreten.
- Successful fundraising of $1,002,500.14 through private placement
- Flow-through shares structure provides tax benefits to investors
- 24-month warrant coverage at $0.65 provides potential upside opportunity
- Share dilution through issuance of 1,855,926 new units
- Additional potential dilution from warrant exercise
Calgary, Alberta--(Newsfile Corp. - December 23, 2024) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company") is pleased to announce that it has closed the previously announced non-brokered private placement (the "FT Private Placement") for gross proceeds of
The FT Shares are intended to qualify as "flow through shares" within the meaning of the Income Tax Act (Canada) (the "Tax Act"). The gross proceeds from the issuance of the FT Units will be used to incur "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures", as such terms are defined in the Income Tax Act (Canada) (the "Tax Act"), which the Company intends to renounce to the subscribers pursuant to the Tax Act.
The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States, or in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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.
Factors that could cause actual results to vary from forward-looking statements or may affect the operations, performance, development and results of the Company's business include, among other things, that mineral exploration is inherently uncertain and may be unsuccessful in achieving the desired results; that mineral exploration plans may change and be re-defined based on a number of factors, many of which are outside of the Company's control; the Company's ability to access sources of debt and equity capital; competitive factors, pricing pressures and supply and demand in the Company's industry. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
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/235032
FAQ
How much did Argyle Resources (ARLYF) raise in its December 2024 private placement?
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