Argo Graphene closes $356,800 private placement

Executive Summary

• Argo Graphene Solutions Corp. closed a non‑brokered private placement of 509,714 units at $0.70 per unit, raising $356,800 in gross proceeds.
• Each unit includes one common share and one warrant to purchase an additional share at $0.80 until Oct. 9 2027; warrants are subject to a four‑month hold period expiring Feb. 10 2026.
• Proceeds will be used for general working capital and to continue research & development of graphene‑based products.

Key Details

• Units Issued: 509,714 units @ $0.70 per unit → $356,800 gross proceeds.
• Unit Composition: 1 common share + 1 transferable warrant (right to purchase one additional common share at $0.80).
• Warrant Terms: Exercise price $0.80 per share; exercisable until Oct. 9 2027; subject to a four‑month hold period expiring Feb. 10 2026 under Canadian securities law.
• Related Party Participation: Two directors subscribed for aggregate proceeds of $38,000, constituting related‑party transactions under MI 61‑101.
• Regulatory Exemptions: Reliance on Section 5.5(a) (valuation exemption) and Section 5.7(1)(a) (minority shareholder approval exemption) of MI 61‑101; no material change report filed 21 days prior to closing, deemed reasonable for expeditious completion.
• Use of Proceeds: General working capital and continued R&D of graphene products for construction and agricultural applications.

Notable Quotes

(No direct quotes provided in the release.)