Business
Argyle Announces up to C$500,000 Private Placement
Calgary, Alberta--(Newsfile Corp. - December 19, 2025) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement ("Private Placement") for gross proceeds of up to $500,000, consisting of up to 3,333,333 units (the "Units") at a price of $0.15 per Unit, with each Unit consisting of one "flow-through" common share (a "Common Share") and one-half of one Common Share purchase warrant.
About this update from Argyle Resources Corp.
[{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - December 19, 2025) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement ("Private Placement") for gross proceeds of up to $500,000, consisting of up to 3,333,333 units (the "Units") at a price of $0.15 per Unit, with each Unit consisting of one "flow-through" common share (a "Common Share") and one-half of one Common Share purchase warrant (each, a "Half Warrant"). Each half Warrant will entitle the holder to purchase one-half of one (non-flow-through) Common Share (a "Warrant Share") at a price of $0.20 per Warrant Share for a period of 24 months.","length":792,"tagName":"p"},{"type":"text","content":"The Company plans to use the net proceeds from the Private Placement to incur "Canadian exploration expenses", such that they qualify as flow-through mining expenditures for purposes of the Income Tax Act (Canada) and can be renounced to the purchasers thereof. The Private Placement is subject to customary closing conditions, including receipt of approval from the Canadian Securities Exchange (the "CSE"). The securities issued under the Private Placement will be subject to a statutory hold period of fourth months and one day. The Company may compensate persons who act as finders for the Private Placement in accordance with the rules of the CSE.","length":672,"tagName":"p"},{"type":"text","content":"About Argyle Resources Corp.","length":28,"tagName":"p"},{"type":"text","content":"Argyle Resources Corp. is a junior mineral exploration company engaged in the business of acquiring, exploring, staking and evaluating natural resource properties in North America. The Company owns a 100% interest in the Pilgrim Islands, Matapédia, Lac Comporté and Saint Gabriel quartzite silica projects in Québec, Canada. The Company also has an option to acquire 100% of the following properties: the Clay Howell Rare Earths Project in Northern Ontario, Canada and the Frenchvale Graphite Property located in Nova Scotia, Canada. Argyle is engaged in a research partnership with the National Institute of Scientific Research, a high-level research and training institute funded by the Québec government to c...