Mr. Scott Smale reports
ARGO GRAPHENE SOLUTIONS CORP. ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT
Argo Graphene Solutions Corp. has increased the size of its previously announced non-brokered private placement offering to up to 1,154,546 units at a price of 55 cents per unit, for aggregate gross proceeds of up to $635,000, which includes the exercise of the previously announced overallotment option.
Each unit will comprise one common share in the capital of the company and one transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional common share in the capital of the company at 70 cents per share for a period of 24 months following the closing of the offering. In connection with the offering, the company may pay finders' fees subject to regulatory and exchange approval.
The company plans to use the proceeds of the offering for general working capital purposes and to continue its research and development of its graphene products.
All securities to be issued under the offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws.
About Argo Graphene Solutions Corp.
Argo Graphene Solutions is a Canadian advanced materials company focused on the development and commercialization of graphene-enhanced technologies and products for applications in construction, infrastructure, agriculture and industrial manufacturing. Argo is advancing graphene solutions designed to improve material performance characteristics including strength, durability, conductivity and water resistance across a range of industrial and commercial applications.
Argo's strategic focus includes graphene-enhanced concrete and cement technologies, infrastructure materials, agricultural applications, and next-generation industrial products. Through continuing research, development, strategic partnerships and technology acquisitions, Argo is positioning itself to participate in the rapidly expanding global graphene market and broader advanced materials sector.
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