Argo Graphene closes $356,800 private placement

Mr. Scott Smale reports ARGO GRAPHENE SOLUTIONS CORP. CLOSES PRIVATE PLACEMENT Argo Graphene Solutions Corp. has closed its previously announced non-brokered private placement offering by issuing 509,714 units at a price of 70 cents per unit, for aggregate gross proceeds of $356,800. Each unit comprises one common share in the capital of the company and one transferable share purchase warrant. Each warrant entitles the holder to purchase one additional common share in the capital of the company at 80 cents per share until Oct. 9, 2027. 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. Two directors of the company participated in the offering for aggregate proceeds of $38,000 and are considered to be related parties of the company. Each subscription by a related party of the company is considered to be a related party transaction for purposes of Multilateral Instrument 61-101. The company is relying on the exemptions from the formal valuation requirements contained in Section 5.5(a) of MI 61-101 and the minority shareholder approval requirements contained in Section 5.7(1)(a) of MI 61-101 as the fair market value of the related parties' participation is not more than 25 per cent of the company's market capitalization. The company did not file a material change report in respect of the related party transactions at least 21 days before the closing of the offering, which the company deems reasonable in the circumstances in order to close the offering in an expeditious manner. All securities issued under the offering are subject to a four-month hold period expiring Feb. 10, 2026, in accordance with Canadian securities law. About Argo Graphene Solutions Corp. Argo Graphene Solutions is a Canadian advanced materials company focused on developing sustainable, high-performance solutions for the construction and agricultural industries. Through its subsidiary, Argo Green Concrete Solutions Inc., Argo leverages cutting-edge technologies to create eco-friendly products that meet the demands of modern infrastructure. We seek Safe Harbor.