08:22:51 EDT Thu 03 Jul 2025
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or Name
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Argo Living Soils Corp (2)
Symbol ARGO
Shares Issued 18,313,834
Close 2025-04-17 C$ 0.51
Market Cap C$ 9,340,055
Recent Sedar Documents

Argo Living issues option to acquire 1.5M units to NOWM

2025-04-17 20:01 ET - News Release

Mr. Robert Intile reports

ARGO LIVING SOILS CORP. COMPLETES COMPENSATION OPTION ISSUANCE TO NEW ORLEANS PRIVATE WEALTH MANAGEMENT

Further to Argo Living Soils Corp.'s news release dated March 28, 2025, it has issued New Orleans Private Wealth Management LLC (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 entitles NOWM to purchase an additional common share of the company at a price of $1.00 per share for a period of two years from the date of issuance of the warrants.

The compensation options were issued pursuant to a previously disclosed arm's-length consulting agreement dated March 24, 2025. The compensation options and underlying securities are subject to a four-month statutory hold period in accordance with Canadian securities laws. In addition, NOWM may exercise the compensation options to purchase up to 375,000 units every three months beginning on July 17, 2025. 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.

Early warning disclosure

Immediately prior to the issuance of the compensation options, NOWM did not own, or have control or direction over, directly or indirectly, any securities of the company. Following the issuance, NOWM owns or has control or direction over, directly or indirectly, 1.5 million compensation options of the company and no other securities of the company, representing 0 per cent of the company's common shares on an undiluted basis and approximately 14.08 per cent of the company's common shares on a partially diluted basis, assuming that NOWM exercised all of its compensation options and the underlying warrants, and no other securities of the company were issued, and subject to the timed exercise restrictions set out above.

NOWM acquired the securities for investment purposes. NOWM may, depending on market and other conditions, increase or decrease its ownership of the company's securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

NOWM's address is 709 Williams Blvd., Kenner, La., 70062, United States, and the transaction took place privately and not through any market. NOWM did not pay any cash consideration for the compensation options. NOWM may, subject to the exercise restrictions set out above, exercise all of the compensation options into units, at an exercise price of 54 cents per unit, which exercise price NOWM may pay by cash or by setting it off against invoices for services duly rendered to the company under its consulting agreement.

The disclosure respecting the NOWM's security holdings of the company contained in this press release is made pursuant to National Instrument 62-103 -- The Early Warning System and Related Take Over Bids and Insider Reporting Issues and a report respecting the above disposition will be filed with the applicable securities commissions using SEDAR+ and will be available for viewing on the company's profile.

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.

We seek Safe Harbor.

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