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The latest announcement is out from Argyle Resources Corp. ( (TSE:ARGL) ).
Argyle Resources Corp. announced the closing of the first tranche of a non-brokered private placement, raising $869,400 through the issuance of 2,070,000 units. The proceeds are intended for property expenditures in Quebec and general working capital. The offering includes warrants allowing for future purchases of common shares, with certain securities subject to a hold period and restricted from U.S. sales. The announcement could enhance Argyle’s operational capabilities and potential growth in its exploration activities.
More about Argyle Resources Corp.
Argyle Resources Corp. is a junior mineral exploration company focused on acquiring, exploring, and evaluating natural resource properties in North America. The company holds an option to acquire up to 100% of the Frenchvale Graphite Property in Nova Scotia, Canada, and owns several quartzite silica projects in Quebec. Argyle collaborates with the INRS institute for exploration programs on its silica projects and is based in Calgary, Alberta.
YTD Price Performance: -16.10%
Average Trading Volume: 92,030
Technical Sentiment Consensus Rating: Strong Buy
For an in-depth examination of ARGL stock, go to TipRanks’ Stock Analysis page.