Argyle Announces up to C$500,000 Private Placement

Core Viewpoint - Argyle Resources Corp. plans to conduct a non-brokered private placement to raise up to $500,000 through the issuance of units priced at $0.15 each, which will consist of common shares and purchase warrants [1][2]. Group 1: Private Placement Details - The private placement will consist of up to 3,333,333 units, with each unit comprising one flow-through common share and one-half of a common share purchase warrant [1]. - Each half warrant will allow the holder to purchase one-half of a non-flow-through common share at a price of $0.20 for a period of 24 months [1]. - The net proceeds will be used for Canadian exploration expenses that qualify as flow-through mining expenditures under the Income Tax Act (Canada) [2]. Group 2: Company Overview - Argyle Resources Corp. is a junior mineral exploration company focused on acquiring, exploring, and evaluating natural resource properties in North America [3]. - The company holds a 100% interest in several silica projects in Québec, Canada, and has options to acquire additional properties in Ontario and Nova Scotia [3]. - Argyle is engaged in a research partnership with the National Institute of Scientific Research in Québec to conduct exploration programs on its silica projects [3]. Group 3: Company Background - Argyle Resources Corp. was incorporated in 2023 and is headquartered in Calgary, Alberta, Canada [4].