Argyle Closes Flow Through Private Placement
Argyle Resources (OTCQB: ARLYF) has successfully closed its non-brokered flow-through private placement, raising gross proceeds of $1,712,800. The company issued FT Units at $0.58 per unit, with each unit comprising one flow-through share and half a warrant. Each whole warrant allows purchasing one common share at $0.68 within 24 months.
As finder's fees, Argyle paid $102,767.98 in cash and issued 177,180 broker warrants. The proceeds will fund exploration activities at the company's properties in Québec and Ontario. All securities are subject to a four-month hold period.
Argyle Resources (OTCQB: ARLYF) ha completato con successo un collocamento privato flow-through senza intermediari, raccogliendo un ricavato lordo di 1.712.800 $. La società ha emesso unità FT a 0,58 $ ciascuna, con ogni unità composta da un'azione flow-through e mezza warrant. Ogni warrant intero consente l'acquisto di un'azione ordinaria a 0,68 $ entro 24 mesi.
Come commissioni di intermediazione, Argyle ha pagato 102.767,98 $ in contanti e ha emesso 177.180 warrant per broker. I proventi finanzieranno le attività di esplorazione nelle proprietà della società in Québec e Ontario. Tutti i titoli sono soggetti a un periodo di blocco di quattro mesi.
Argyle Resources (OTCQB: ARLYF) ha cerrado con éxito su colocación privada flow-through sin intermediarios, recaudando ingresos brutos de 1.712.800 $. La compañía emitió unidades FT a 0,58 $ por unidad, cada una compuesta por una acción flow-through y medio warrant. Cada warrant completo permite comprar una acción común a 0,68 $ dentro de 24 meses.
Como honorarios de intermediación, Argyle pagó 102.767,98 $ en efectivo y emitió 177.180 warrants para corredores. Los ingresos financiarán actividades de exploración en las propiedades de la compañía en Quebec y Ontario. Todos los valores están sujetos a un período de retención de cuatro meses.
Argyle Resources (OTCQB: ARLYF)는 중개인 없이 진행한 플로우스루 사모 발행을 성공적으로 마무리하여 총 1,712,800달러의 자금을 조달했습니다. 회사는 단위당 0.58달러에 FT 유닛을 발행했으며, 각 유닛은 1개의 플로우스루 주식과 0.5개의 워런트로 구성되어 있습니다. 한 개의 워런트는 24개월 이내에 0.68달러에 보통주 1주를 구매할 수 있는 권리를 제공합니다.
알선 수수료로 Argyle는 102,767.98달러를 현금으로 지급하고 177,180개의 중개인 워런트를 발행했습니다. 조달된 자금은 퀘벡과 온타리오에 있는 회사의 광산 탐사 활동에 사용될 예정입니다. 모든 증권은 4개월의 보유 기간이 적용됩니다.
Argyle Resources (OTCQB : ARLYF) a clôturé avec succès son placement privé flow-through sans intermédiaire, levant un produit brut de 1 712 800 $. La société a émis des unités FT au prix de 0,58 $ par unité, chaque unité comprenant une action flow-through et une demi-warrant. Chaque warrant entier permet d'acheter une action ordinaire à 0,68 $ dans un délai de 24 mois.
En frais de courtage, Argyle a payé 102 767,98 $ en espèces et émis 177 180 warrants de courtier. Les fonds seront utilisés pour financer les activités d'exploration sur les propriétés de la société au Québec et en Ontario. Tous les titres sont soumis à une période de blocage de quatre mois.
Argyle Resources (OTCQB: ARLYF) hat erfolgreich eine nicht vermittelte Flow-Through-Privatplatzierung abgeschlossen und Bruttoerlöse von 1.712.800 $ erzielt. Das Unternehmen gab FT-Einheiten zu je 0,58 $ aus, wobei jede Einheit aus einer Flow-Through-Aktie und einer halben Warrant bestand. Jede volle Warrant berechtigt zum Kauf einer Stammaktie zu 0,68 $ innerhalb von 24 Monaten.
Als Vermittlungsgebühren zahlte Argyle 102.767,98 $ in bar und gab 177.180 Broker-Warrants aus. Die Erlöse werden zur Finanzierung von Explorationsaktivitäten auf den Grundstücken des Unternehmens in Québec und Ontario verwendet. Alle Wertpapiere unterliegen einer viermonatigen Haltefrist.
- Secured $1.71M in flow-through financing for exploration activities
- Strategic expansion of exploration activities in Quebec and Ontario regions
- Flow-through structure provides tax benefits for participating investors
- Dilution of existing shareholders through new share issuance
- Additional $102,767.98 in cash fees and 177,180 broker warrants as financing costs
Calgary, Alberta--(Newsfile Corp. - July 8, 2025) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company") is pleased to announce that it has closed its non-brokered private placement financing (the "FT Private Placement") of units of the Company ("FT Units") at a price of
Each FT Unit consists of one common share in the authorized share structure of the Company ("FT Share") and one-half of one common share purchase warrant ("FT Warrant"). Each whole FT Warrant will entitle the holder thereof to purchase one common share at an exercise price 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 sale of the FT Shares will be used to incur "Canadian exploration expenses" that are intended to qualify as "flow-through mining expenditures" as those terms are defined in the Tax Act, which the Company intends to renounce to the purchasers of the FT Shares.
All securities issued in connection with the FT Private Placement will be subject to a statutory hold period of four months and one day from the Closing Date.
As consideration for the services rendered by certain finders, the Company paid, in aggregate, a cash payment of
The proceeds from the FT Private Placement will be used to advance the Company's exploration activities at its properties in Québec and Ontario.
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 acquiring, exploring, staking, and evaluating natural resource properties in North America. The Company holds
Head Office: Calgary, Alberta, Canada
Email: info@argyleresourcescorp.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 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. Actual results and future events could differ materially. Factors that could cause actual results to vary include the Company's ability to complete the FT Private Placement and the risks detailed in filings with securities regulators. Forward-looking statements are made as of the date of this release and are qualified by this cautionary statement.
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/258029
FAQ
How much did Argyle Resources (ARLYF) raise in its flow-through private placement?
What are the terms of ARLYF's flow-through warrants?
How will Argyle Resources use the proceeds from the flow-through financing?
What finder's fees did Argyle pay for the flow-through placement?
What is the hold period for securities issued in ARLYF's flow-through placement?
