Argyle Announces up to C$1,000,000 Life Offering

Executive Summary

• Argyle Resources Corp. announced a financing offering of up to 5,000,000 units at C$0.20 per unit, targeting gross proceeds of up to C$1,000,000.
• Each unit consists of one common share and one warrant exercisable at C$0.27 per share for 24 months after the closing.
• Net proceeds are earmarked for legal/accounting fees, marketing, exploration activities, general working capital, and other corporate purposes; the offering is expected to close around October 22, 2025.

Key Details

• Offering Size: Minimum 2,500,000 units; maximum 5,000,000 units.
• Price per Unit: C$0.20.
• Minimum Gross Proceeds: C$500,000 (2,500,000 × C$0.20).
• Maximum Gross Proceeds: C$1,000,000 (5,000,000 × C$0.20).
• Unit Composition: 1 common share + 1 share purchase warrant.
• Warrant Terms: Right to purchase one additional share at C$0.27 per share; exercisable for 24 months post‑closing.
• Exemption Used: Listed Issuer Financing Exemption (LIFE) under NI 45‑106, applicable in all Canadian provinces except Québec.
• Closing Conditions: Minimum raise of C$500,000; receipt of required approvals including CSE approval; customary closing conditions.
• Use of Proceeds: Legal and accounting expenses, marketing/advertising, mineral property exploration expenditures, general working capital, and other purposes as described in the offering document.
• Regulatory Notices: Units not registered under U.S. securities laws; no offer or solicitation to U.S. persons.
• Offering Document Access: Available on SEDAR+ (www.sedarplus.ca) and company website (www.argyleresourcescorp.com).

Notable Quotes

(No direct quotes were provided in the release.)