Argo Graphene announces private placement of up to 575,000 units
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Argo Graphene Solutions Corp. (CSE: ARGO) (OTCQB: ARLSF) (FSE: 94Y) announced a non-brokered private placement offering of up to 500,000 units priced at CDN$0.70 per unit, targeting gross proceeds of CDN$350,000. The offering includes an over-allotment option for an additional 75,000 units, potentially raising total proceeds to CDN$402,500.
Each unit consists of one common share and one transferable share purchase warrant. The warrants allow holders to purchase additional common shares at CDN$0.80 per share for 24 months following the offering's closing. The company may pay finders' fees subject to regulatory approval.
Argo plans to use proceeds for general working capital and continued research and development of graphene products. Securities issued under the offering will be subject to a four-month and one-day hold period under Canadian securities laws.
The company also renewed its contract with King Tide Media LLC for marketing services to increase public awareness. The two-month agreement, beginning August 1, 2025, has a budget of up to US$50,000 for digital marketing and content creation services.
Argo Graphene Solutions develops advanced materials for construction and agricultural industries through its subsidiary, Argo Green Concrete Solutions Inc. The Vancouver-based company focuses on sustainable, high-performance solutions for infrastructure applications.
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