Argyle Closes C$1 Million LIFE Offering

Core Points - Argyle Resources Corp. has successfully closed an offering of 2,000,000 units at a price of C$0.50 per unit, raising gross proceeds of up to C$1,000,000 [1] - Each unit consists of one common share and one-half of a share purchase warrant, with the warrants exercisable at C$0.61 for 24 months [1] - The offering was conducted under the listed issuer financing exemption, allowing for no resale restrictions in Canada, except Quebec [2] Financial Details - The total cash payment to finders for their services amounted to C$27,000, along with the issuance of 54,000 broker warrants, each exercisable at C$0.61 for 24 months [4] - The net proceeds from the offering are intended for general working capital purposes [4] Company Overview - Argyle Resources Corp. is a junior mineral exploration company focused on acquiring and evaluating natural resource properties in North America [6] - The company holds options for various projects, including the Frenchvale Graphite Property in Nova Scotia and owns interests in quartzite silica projects in Quebec [6] - Argyle was incorporated in 2023 and is headquartered in Calgary, Alberta [7]