Argo hires market-maker, closes $750,000 offering

Executive Summary

• Argo Corp. closed a non-brokered private placement of 1,875,000 common shares at $0.40 per share, generating $750,000 in gross proceeds to fund working capital and general corporate purposes.
• The company engaged Independent Trading Group (ITG) as its market maker to enhance liquidity and maintain a reasonable market for its common shares on the TSX Venture Exchange and other trading venues.

Key Details

• Gross Proceeds: $750,000
• Issue Price: $0.40 per common share
• Shares Issued: 1,875,000 common shares
• Financing Structure: Non-brokered private placement
• Use of Proceeds: Working capital and general corporate purposes
• Statutory Hold Period: Expires July 28, 2026, per applicable securities laws
• Finders' Fees/Commissions: None paid in connection with the offering
• Market Maker Engagement: ITG appointed under a market-making services agreement to trade shares on the TSX-V and other venues to improve liquidity
• ITG Compensation: $6,000 per month, payable monthly in advance
• ITG Agreement Term: Initial one-month term commencing March 27, 2026, with automatic monthly renewals unless terminated
• Termination Clause: Either party may terminate the agreement with 30 days notice
• Equity/Performance Compensation: ITG receives no shares, options, or performance-based compensation
• Affiliation Status: ITG and Argo Corp. are unrelated/unaffiliated; neither holds direct or indirect interest in company securities
• Regulatory Status: Offering and market maker agreement remain subject to final acceptance by the TSX Venture Exchange