Argyle Announces up to C$1,000,000 Life Offering
Newsfile·2025-10-14 12:30

Core Viewpoint - Argyle Resources Corp. is planning to conduct an offering of a minimum of 2,500,000 units at a price of C$0.20 per unit, aiming to raise gross proceeds of at least C$500,000, with a maximum of 5,000,000 units for up to C$1,000,000 [1] Group 1: Offering Details - Each unit will consist of one common share and one share purchase warrant, with the warrant allowing the purchase of one share at C$0.27 for 24 months post-offering [1] - The offering is subject to raising a minimum of C$500,000 and is scheduled to close around October 22, 2025 [4] - The offering will be conducted under the listed issuer financing exemption, allowing for no resale restrictions in applicable Canadian provinces, excluding Québec [2] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for legal and accounting expenses, marketing, mineral property exploration, general working capital, and other purposes as outlined in the offering document [4] Group 3: Company Overview - Argyle Resources Corp. is a junior mineral exploration company focused on acquiring and evaluating natural resource properties in North America, with a 100% interest in several silica projects in Québec [6] - The company was incorporated in 2023 and is headquartered in Calgary, Alberta [7]