Argyle Resources Corp. Announces Closing of Second Tranche of Private Placement Offering
Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) has completed the second tranche of its non-brokered private placement, raising $126,000 through the issuance of 300,000 units at $0.42 per unit. The total gross proceeds from the offering amount to $995,400.
Each unit consists of one common share and one warrant, with each warrant allowing the purchase of one common share at $0.53 within 24 months of closing. The proceeds will fund mineral exploration properties and general working capital. All securities issued have a four-month and one-day hold period and are not registered under U.S. Securities Act.
Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) ha completato la seconda tranche del suo collocamento privato non intermediato, raccogliendo $126.000 tramite l'emissione di 300.000 unità a $0,42 per unità. I proventi lordi totali dell'offerta ammontano a $995.400.
Ogni unità consiste in un'azione comune e un warrant, con ogni warrant che consente l'acquisto di un'azione comune a $0,53 entro 24 mesi dalla chiusura. I proventi finanzieranno proprietà di esplorazione mineraria e capitale operativo generale. Tutti i titoli emessi hanno un periodo di blocco di quattro mesi e un giorno e non sono registrati ai sensi della legge sui titoli degli Stati Uniti.
Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) ha completado la segunda tranche de su colocación privada no intermediada, recaudando $126,000 a través de la emisión de 300,000 unidades a $0.42 por unidad. Los ingresos brutos totales de la oferta ascienden a $995,400.
Cada unidad consiste en una acción común y un warrant, con cada warrant permitiendo la compra de una acción común a $0.53 dentro de los 24 meses posteriores al cierre. Los ingresos se destinarán a propiedades de exploración minera y capital de trabajo general. Todos los valores emitidos tienen 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. (CSE: ARGL) (OTCQB: ARLYF)는 중개인이 없는 사모 배치를 두 번째 단계로 완료하고 $126,000를 모금했습니다. 이는 $0.42 단위당 300,000 유닛을 발행한 결과입니다. 총 공모 수익은 $995,400에 달합니다.
각 유닛은 하나의 보통주와 하나의 워런트로 구성되며, 각 워런트는 마감 후 24개월 이내에 $0.53에 하나의 보통주를 구매할 수 있게 해줍니다. 수익금은 광물 탐사 자산과 일반 운영 자본을 지원하는 데 사용될 것입니다. 발행된 모든 증권은 4개월 1일의 보유 기간이 있으며, 미국 증권법에 따라 등록되지 않습니다.
Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) a complété la deuxième tranche de son placement privé sans courtier, levant 126 000 $ grâce à l'émission de 300 000 unités à 0,42 $ par unité. Le produit brut total de l'offre s'élève à 995 400 $.
Chaque unité se compose d'une action ordinaire et d'un warrant, chaque warrant permettant l'achat d'une action ordinaire à 0,53 $ dans les 24 mois suivant la clôture. Les recettes serviront à financer des propriétés d'exploration minérale et du fonds de roulement général. Tous les titres émis ont une période de blocage de quatre mois et un jour et ne sont pas enregistrés en vertu de la loi sur les valeurs mobilières des États-Unis.
Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) hat die zweite Tranche seiner nicht vermittelten Privatplatzierung abgeschlossen und $126.000 durch die Ausgabe von 300.000 Einheiten zu $0,42 pro Einheit gesammelt. Die gesamten Bruttoeinnahmen aus dem Angebot belaufen sich auf $995.400.
Jede Einheit besteht aus einer Stammaktie und einem Warrant, wobei jeder Warrant den Kauf einer Stammaktie zu $0,53 innerhalb von 24 Monaten nach Abschluss ermöglicht. Die Einnahmen werden zur Finanzierung von Mineralexplorationsprojekten und allgemeinem Betriebskapital verwendet. Alle ausgegebenen Wertpapiere unterliegen einer Haltefrist von vier Monaten und einem Tag und sind nicht nach dem US-Wertpapiergesetz registriert.
- Successful completion of private placement raising $995,400 in total gross proceeds
- 24-month warrants provide potential additional capital at $0.53 per share
- Secured funding for mineral exploration and working capital
- Dilution of existing shareholders through issuance of new shares
- 25% warrant premium over unit price suggests relatively low confidence in near-term share price appreciation
Vancouver, British Columbia--(Newsfile Corp. - February 24, 2025) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company") is pleased to announce that it has closed a second 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 to purchase one Common Share at a price of
The Company intends to use the net proceeds of the Offering for expenditures on its mineral exploration properties, and for general working capital purposes.
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 use of proceeds from 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 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/242004
FAQ
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