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Argyle Announces up to C$500,000 Private Placement
TMX Newsfile· 2025-12-19 21:15
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].
Argyle Responds to OTC Markets Request on Recent Promotional Activity
Newsfile· 2025-07-14 21:27
Core Viewpoint - Argyle Resources Corp. has responded to a request from OTC Markets regarding promotional activities related to its common shares traded on the OTCQB market, clarifying its relationship with a third-party marketing firm and the nature of promotional materials distributed [1][2][3]. Group 1: Promotional Activities - On July 8, 2025, OTC Markets informed Argyle about certain promotional activities, including a newsletter published by Euro Digital Media Ltd. discussing the Company and the critical minerals industry [2]. - The Company extended an advertising agreement with the Service Provider on July 4, 2025, which has been in place since July 31, 2024, for investor relations and advertising services [3]. - The Company provided publicly available information for marketing materials, which were reviewed for factual accuracy, and does not believe the promotional materials contained materially false or misleading statements [4]. Group 2: Trading Volume and Investor Interest - The Company does not attribute any increase in trading volume of its common shares primarily to the promotional activities, but rather believes these materials increased investor interest and awareness [5]. - Management is not aware of any officers, directors, or controlling shareholders selling securities of the Company in the past 90 days, except as reported on the System for Electronic Disclosure by Insiders [6]. Group 3: Company Overview - Argyle Resources Corp. is a junior mineral exploration company focused on acquiring, exploring, and evaluating natural resource properties in North America, owning a 100% interest in several silica projects in Québec [8][9]. - The Company has an option to acquire additional properties, including the Clay Howell Rare Earths Project in Ontario and the Frenchvale Graphite Property in Nova Scotia [9].