TORONTO, Feb. 06, 2026 (GLOBE NEWSWIRE) -- Argo Corporation (TSXV: ARGH), (OTCQX: ARGHF) ("Argo" or the "Company"), a leader in next-generation transit solutions, announces that it has now closed on an aggregate of $5,445,383 in recently announced financing arrangements, including the closing of the non-brokered private placement (the "Offering") initially announced on December 22, 2025 for aggregate gross proceeds of $1,500,000, its recently announced closing of a $1,500,000 secured loan (the "Loan") on Fe ...

TORONTO, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Argo Corporation (TSXV: ARGH), (OTCQX: ARGHF) ("Argo" or the "Company"), a leader in next-generation transit solutions, has closed its previously announced $1,500,000 secured loan (the "Loan") and extended the previously announced non-brokered private placement offering of up to 21,250,000 common shares ("Common Shares") of the Company at a price of $0.40 per Common Share, for proceeds of up to $8,500,000 pursuant to a non-brokered private placement (the "Offering" ...

Core Viewpoint - Argo Corporation plans to issue up to 21,250,000 common shares at $0.40 each, aiming for proceeds of up to $8,500,000 through a non-brokered private placement, and intends to secure a $1,500,000 loan with a 12% interest rate [1][3] Group 1: Offering Details - The Offering will target key strategic investor groups, but the Company may accept subscriptions from any qualifying investor [2] - There is no minimum offering amount, and the Company may choose not to complete the Offering in full [2] - Proceeds from the Offering will be allocated for working capital and general corporate purposes [2] Group 2: Loan Information - The proposed $1,500,000 Loan is expected to mature in two years and be secured by a first-ranking general security agreement [3] - The Loan will include the issuance of up to 2,062,500 non-transferable common share purchase warrants, each exercisable at $0.44 [3] - Proceeds from the Loan are also intended for working capital and general corporate purposes [3] Group 3: Company Overview - Argo Corporation is a leader in next-generation transit solutions, focusing on creating an integrated city transit system that enhances public transportation [4]