Mr. Robert Intile reports
ARGO LIVING SOILS CORP. ANNOUNCES CONSULTING AGREEMENT WITH NEW ORLEANS PRIVATE WEALTH MANAGEMENT
Argo Living Soils Corp. has entered into an arm's-length consulting agreement dated March 24, 2025, with New Orleans Private Wealth Management (NOWM) pursuant to which NOWM has agreed to provide strategic advisory services to the company relating to business development, product planning and market development, and introductions to strategic partners, prospective customers and sources of financing for a two-year term. Pursuant to the consulting agreement, the company has agreed to issue NOWM non-transferable compensation options exercisable into up to 1.5 million units of the company at a price of 54 cents per unit for two years from the date of issuance, with each unit consisting of one common share and one common share purchase warrant of the company. Each warrant will entitle NOWM to purchase an additional common share of the company at $1.00 per share for a period of two years from the date of issuance of the warrants.
Pursuant to the terms of the consulting agreement, NOWM may exercise the compensation options to purchase up to 375,000 units every three months, beginning three months following the effective date of the consulting agreement and up to an aggregate of 1.5 million units. NOWM may exercise the compensation options into units either by paying cash or offsetting the aggregate unit exercise price against NOWM's invoices for services rendered to the company under the consulting agreement. The common shares and warrants underlying the units, as well as common shares underlying the warrants, will all be subject to a voluntary hold period of four months from the date of issuance of such underlying units. To preserve the company's cash, the parties agreed that all invoices rendered by NOWM to the company under the consulting agreement will not be settled by cash and may only be settled as payment toward the exercise price of the compensation option. If the compensation option is fully exercised prior to the expiration or termination of the consulting agreement, NOWM has agreed to provide such reasonable level of services requested by the company for the balance of the consulting agreement without further remuneration or compensation.
The company may elect to terminate the consulting agreement at any time following March 24, 2026, by providing NOWM with 10 days of written notice. On such termination, any outstanding and unexercised compensation options will be void. The consulting agreement remains subject to approval of the Canadian Securities Exchange.
About Argo Living Soils Corp.
Argo Living Soils is dedicated to pioneering sustainable solutions in agriculture and construction. Established in 2018, the company has entered multiple global research and development agreements to advance the creation of biochar, graphene, soil amendments, living soils, biofertilizers, vermicompost and compound extracts, all customized for high-value crops. With a vision to build a reputable brand of environmentally friendly products, Argo is now expanding its focus to incorporate green concrete and graphene technologies into its soil and concrete innovations.
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