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File: News Release 20170323 - Argus closes secured convertable debenture.docx

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NEWS RELEASE
 
 
 ARGUS CLOSES NON-BROKERED SECURED CONVERTIBLE DEBENTURE

Vancouver, British Columbia, March 27, 2017 - Argus Metals Corp. ("Argus", the "Company") (TSX.V: AML) announces it ha
--->s closed a non-brokered private placement of a secured convertible debenture for gross proceeds of $60,000. Dated Marc
--->h 24th, 2017, the term of the debenture is 36 months and bears interest at 8% calculated and payable semi-annually.  T
--->he debenture is convertible into common shares at $0.15 per share, at any time at the election of the holder. There is
---> one placee - Southern Gold Resources, a private company owned by Alan C Savage, a director and the Chairman of the Co
--->mpany.  The proceeds of debenture will be used by the Company to repay a $22,000 long term loan, project development, 
--->and for G&A.  

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Collins
President and CEO

For further information, please contact:
Argus Metals Corp.
501 - 525 Seymour Street, 
Vancouver BC, V6B 3H7
Telephone:  (604) 764-7094
Facsimile:   (604)  568-7608
Website: www.argusmetalscorp.com
 
 







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--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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