Argo Graphene Solutions Corp. Closes Private Placement

Core Viewpoint - Argo Graphene Solutions Corp. has successfully closed a non-brokered private placement offering, raising a total of $356,800 by issuing 509,714 units at a price of $0.70 per unit [1][2]. Group 1: Offering Details - Each unit consists of one common share and one transferable share purchase warrant, allowing the holder to purchase an additional common share at $0.80 until October 9, 2027 [2]. - The proceeds from the offering will be utilized for general working capital and to further research and development of graphene products [2]. Group 2: Related Party Transactions - Two directors of the company participated in the offering, contributing a total of $38,000, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [3]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the participation not exceeding 25% of the company's market capitalization [3]. Group 3: Securities Regulation - All securities issued under the offering are subject to a four-month hold period, expiring on February 10, 2026, in accordance with Canadian securities law [4]. Group 4: Company Overview - Argo Graphene Solutions Corp. is focused on developing sustainable, high-performance solutions for the construction and agricultural industries through its subsidiary, Argo Green Concrete Solutions Inc. [5].