Argyle Resources Corp. Announces Closing of First Tranche of Private Placement Offering
Argyle Resources Corp. (ARLYF) has completed the first tranche of its non-brokered private placement, raising $869,400 through the issuance of 2,070,000 units at $0.42 per unit. Each unit consists of one common share and one warrant, with warrants exercisable at $0.53 per share for 24 months from closing.
The company paid $26,844 in finder's fees and issued 64,200 finder warrants, exercisable at $0.53 for 24 months. Proceeds will fund expenditures on Quebec properties and working capital. Securities are subject to a four-month and one-day hold period and are not registered under U.S. Securities Act.
Argyle Resources Corp. (ARLYF) ha completato la prima tranche del suo collocamento privato non intermediato, raccogliendo $869,400 attraverso l'emissione di 2,070,000 unità a $0.42 per unità. Ogni unità è composta da una azione comune e un warrant, con warrants esercitabili a $0.53 per azione per 24 mesi dalla chiusura.
L'azienda ha pagato $26,844 come commissioni per i procacciatori e ha emesso 64,200 warrants per i procacciatori, esercitabili a $0.53 per 24 mesi. I proventi finanzieranno le spese per le proprietà in Quebec e il capitale circolante. I titoli sono soggetti a un periodo di blocco di quattro mesi e un giorno e non sono registrati ai sensi del Securities Act statunitense.
Argyle Resources Corp. (ARLYF) ha completado la primera tranche de su colocación privada no intermediada, recaudando $869,400 mediante la emisión de 2,070,000 unidades a $0.42 por unidad. Cada unidad consiste en una acción ordinaria y un warrant, con warrants ejercitables a $0.53 por acción durante 24 meses a partir del cierre.
La compañía pagó $26,844 en comisiones a los buscadores y emitió 64,200 warrants para buscadores, ejercitables a $0.53 durante 24 meses. Los ingresos se destinarán a gastos en propiedades de Quebec y capital de trabajo. Los valores están sujetos a un período de retención de cuatro meses y un día y no están registrados bajo la Ley de Valores de EE. UU.
Argyle Resources Corp. (ARLYF)는 중개인이 없는 사모 배치를 첫 번째 트랜치로 완료하였으며, $869,400를 모금했습니다. 이는 $0.42 단위당 2,070,000 유닛의 발행을 통해 이루어졌습니다. 각 유닛은 하나의 보통주와 하나의 워런트로 구성되어 있으며, 워런트는 마감일로부터 24개월 동안 $0.53 주당 행사할 수 있습니다.
회사는 $26,844의 중개 수수료를 지급하였고, 64,200개의 중개인 워런트를 발행하여 24개월 동안 $0.53에 행사할 수 있습니다. 수익금은 퀘벡의 자산과 운영 자본에 사용될 것입니다. 증권은 4개월과 1일의 보유 기간에 따라 제한되며, 미국 증권법에 따라 등록되지 않습니다.
Argyle Resources Corp. (ARLYF) a complété la première tranche de son placement privé sans intermédiaire, levant $869,400 grâce à l'émission de 2,070,000 unités à $0.42 par unité. Chaque unité se compose d'une action ordinaire et d'un warrant, les warrants pouvant être exercés à $0.53 par action pendant 24 mois à compter de la clôture.
L'entreprise a payé $26,844 en frais de recherche et a émis 64,200 warrants pour les chercheurs, exerçables à $0.53 pendant 24 mois. Les produits seront utilisés pour financer des dépenses liées aux propriétés au Québec et au fonds de roulement. Les titres sont soumis à une période de blocage de quatre mois et un jour et ne sont pas enregistrés en vertu de la loi américaine sur les valeurs mobilières.
Argyle Resources Corp. (ARLYF) hat die erste Tranche ihrer nicht vermittelten Privatplatzierung abgeschlossen und $869,400 durch die Ausgabe von 2,070,000 Einheiten zu $0.42 pro Einheit gesammelt. Jede Einheit besteht aus einer Stammaktie und einem Warrant, wobei Warrants für $0.53 pro Aktie innerhalb von 24 Monaten nach Abschluss ausgeübt werden können.
Das Unternehmen zahlte $26,844 an Vermittlungsgebühren und gab 64,200 Vermittler-Warrants aus, die für 24 Monate zu $0.53 ausgeübt werden können. Die Erlöse werden zur Finanzierung von Ausgaben für Quebec-Immobilien und Betriebskapital verwendet. Die Wertpapiere unterliegen einer Sperrfrist von vier Monaten und einem Tag und sind nicht nach dem US-Wertpapiergesetz registriert.
- Successful capital raise of $869,400 strengthening company's cash position
- Funds secured for Quebec properties development and working capital
- Share dilution through issuance of 2,070,000 new units
- Additional potential dilution from 2,134,200 warrants if exercised
- Cash expenses of $26,844 in finder's fees
Vancouver, British Columbia--(Newsfile Corp. - February 18, 2025) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company")") is pleased to announce that it has closed a first tranche of its previously-announced non-brokered private placement for aggregate gross proceeds of
Each Unit is comprised of one (1) common share of the Company (a "Common Share") and one common share purchase warrant ("Warrant"), with each Warrant entitling the holder thereof to purchase one Common Share at a price of
The Company intends to use the net proceeds of the Offering for expenditures on its properties located in Quebec, and for general working capital purposes.
In conjunction with the Offering, the Company paid an aggregate of
All securities issued under the Offering are subject to a four-month and one-day hold period.
The securities issued pursuant to the Offering have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other 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 such as statements regarding the contemplated closing of any further tranche under the Private Placement, 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 the 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/241244
FAQ
How much did Argyle Resources (ARLYF) raise in its first tranche private placement?
What are the terms of ARLYF's warrants issued in February 2025?
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What finder's fees did ARLYF pay for the private placement?
