Argo Graphene Solutions Corp. Closes Private Placement

Executive Summary

• Argo Graphene Solutions Corp. closed a non‑brokered private placement, issuing 509,714 units at $0.70 per unit for total gross proceeds of $356,800.
• Each unit consists of one common share and one warrant exercisable at $0.80 per share until October 9 2027; all securities are subject to a four‑month hold period expiring February 10 2026.
• Proceeds will be used for general working capital and continued research & development of graphene‑based products.

Key Details

• Units Issued: 509,714 (each = 1 common share + 1 transferable warrant).
• Price per Unit: $0.70.
• Aggregate Gross Proceeds: $356,800.
• Warrant Terms: Right to purchase one additional common share at $0.80 per share; exercisable until October 9 2027.
• Hold Period: Four months, expiring February 10 2026, in accordance with Canadian securities law.
• Related‑Party Participation: Two directors subscribed for aggregate proceeds of $38,000; deemed a related‑party transaction under MI 61‑101, exempt from formal valuation and minority shareholder approval requirements (participation < 25% of market cap).
• Use of Proceeds: General working capital and ongoing R&D of graphene products.
• Regulatory Notes: No material change report filed 21 days prior to closing; company considered this reasonable for expeditious completion.

Notable Quotes

(No direct quotes were provided in the release.)