Argo Engages Independent Trading Group as Market Maker and Closes Private Placement

Executive Summary

• Argo Corporation entered a one‑month Market Making Services Agreement with Independent Trading Group (ITG), renewable monthly, to provide liquidity for its TSXV shares.
• The Company closed a non‑brokered private placement of 1,875,000 common shares at $0.40 per share, raising gross proceeds of $750,000.
• Net proceeds will be used for working capital and general corporate purposes; the offering remains subject to final TSX Venture Exchange acceptance.

Key Details

• Market Making Services Agreement
• Counterparty: Independent Trading Group (ITG).
• Compensation: $6,000 per month, payable in advance.
• Term: Initial one‑month term starting March 27 2026; automatically renews for additional one‑month terms unless either party gives 30 days’ notice to terminate.
• No performance‑based compensation; ITG receives no shares or options.
• Private Placement (Offering)
• Type: Non‑brokered private placement of common shares.
• Shares issued: 1,875,000 common shares.
• Price per share: $0.40.
• Gross proceeds: $750,000.
• Net proceeds: To be used for working capital and general corporate purposes.
• Statutory hold period: Shares subject to a hold until July 28 2026.
• No finder’s fees or commissions paid.
• Offering remains pending final acceptance by the TSX Venture Exchange.
• Previous Placement Reference
• The current offering follows a prior private placement closed on February 6 2026, expanding participation to additional strategic and angel investors.

Notable Quotes

• “The engagement of ITG will help improve liquidity for our shareholders while the proceeds from this financing will support Argo’s continued growth initiatives.” – Praveen Arichandran, CEO, Argo Corporation