Argyle Resources Corp.: A Successful Private Placement Raising $995,400
Vancouver, BC – Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0), a resource company based in Vancouver, British Columbia, is thrilled to announce the successful completion of the second tranche of its non-brokered private placement. The placement raised an impressive $126,000, bringing the total gross proceeds to an impressive $995,400.
Details of the Private Placement
Argyle issued a total of 300,000 Units at a price of $0.42 per Unit. Each Unit consisted of one common share of the Company and one common share purchase warrant. The Warrants gave the holders the right to buy one additional common share at a price of $0.53 for a period of 24 months from the closing date.
Impact on Argyle Resources
This private placement will significantly bolster Argyle’s financial position, allowing the company to further its exploration and development efforts. With the additional funds, Argyle can continue its quest for discovering new mineral resources and expanding its operations.
Impact on the World
Argyle’s successful private placement is a positive sign for the resource industry as a whole. As companies continue to seek funding to explore and develop new mineral resources, private placements like this one play a crucial role in providing the necessary capital. This investment not only benefits Argyle but also contributes to the overall growth and development of the resource sector.
Conclusion
Argyle Resources Corp.’s recent private placement of $995,400 is a significant achievement for the company. With the additional funds, Argyle can continue its exploration and development efforts, contributing to the growth of the resource sector. The successful completion of this placement is a positive sign for the industry as a whole and underscores the ongoing demand for mineral resources.
- Argyle Resources Corp. raises $995,400 through a successful private placement
- The placement consisted of 300,000 Units at a price of $0.42 per Unit
- Each Unit included one common share and one common share purchase warrant
- The Warrants allowed holders to purchase one additional common share at $0.53 for 24 months
- The funds will be used to further Argyle’s exploration and development efforts
- This private placement is a positive sign for the resource industry and the ongoing demand for mineral resources
