Argyle Resources Corp. Announces Closing of Private Placement Offerings
Argyle Resources Corp. Announces Closing of Private Placement Offerings
Vancouver, British Columbia--(Newsfile Corp. - June 18, 2024) - Argyle Resources Corp. (CSE: ARGL) (the "Company") is pleased to announce that it has completed a non-brokered private placement offering (the "Non-FT Private Placement") of 3,559,000 units of the Company ("Units") at a price of $0.35 per Unit, for aggregate gross proceeds of $1,245,650. Each Unit consists of one common share of the Company ("Share") and one Share purchase warrant ("Warrant"), with each Warrant entitling the holder to purchase one Share at an exercise price of $0.45 for a period of 24 months from the date of issuance. The proceeds of the Non-FT Private Placement are intended to be used to fund a $100,000 cash payment under the Company's mineral property option agreement with Charlevoix Silica Inc., and for general working capital purposes.
温哥华，不列颠哥伦比亚省——（新闻稿-2024年6月18日）-Argyle资源corp。 （CSE：ARGL）（以下简称"Appia"）很高兴地宣布，他们的2024年夏季铀勘探季节已经开始。公司非经纪人私募股权融资（"Non-FT私募"）已完成，公司发行了355万9千股（"股份"）单价为每股$0.35，全体募集资金共1245650美元。每股包括一股公司普通股（"共同股份"）和一张认股权证（"权证"），每张权证可在发行后24个月内按0.45美元的行使价格购买一股共同股份。所得资金用于支付公司与Charlevoix Silica Inc.的矿产物业选择协议中的10万美元现金，以及一般经营资金。非FT私募（"非FT私募"）已完成，公司发行了355.9万股（"股份"）。每股的价格为0.35美元，粗略收益合计为$1245650。单位每股包括一股公司普通股（"共同股份"）和一张认股权证（"权证"），每张权证可在发行后24个月内按0.45美元的行使价格购买一股共同股份。分享）和一个股票购买权证（“权证”，每个权证使持有人有权在发行之日起24个月内以0.45美元的行权价格购买一股股票。非定向增发所得拟用于基金总资产的10万美元支付现金，以履行与Charlevoix Silica Inc.的矿产物业期权协议，并用于一般营运资金。
The Company is also pleased to announce that it has completed a non-brokered private placement offering (the "FT Private Placement," and together with the Non-FT Private Placement, the "Private Placement Offerings") of 2,225,000 flow-through units of the Company ("FT Units") at a price of $0.40 per FT Unit, for aggregate gross proceeds of $890,000. Each FT Unit consists of one Share ("FT Share") and one (non-flow-through) Share purchase warrant ("FT Warrant"), with each FT Warrant entitling the holder to purchase a (non-flow-through) Share at an exercise price of $0.50 for a period of 24 months from the date of issuance.
公司还很高兴地宣布，定向增发筹资（"FT私募"）也已完成，共发行222.5万股。每股价格为0.4美元，共募集资金890,000美元。FT私募（与非FT私募一起组成定向增发）定向增发公司发行了222.5万流通单位（"FT单位"），每单位价格为0.40美元，全体募集资金达890,000美元。FT Units每个FT单位包括一份共同股份（"共同股份"）和一份非流动性购股权证（"非FT认股证"）（每份非FT购股权证均可在发行后24个月内按照0.50美元的价格行使，以购买一份非流通性共同股份。）FT Share）和一个（非流通）股票购买权证（“慈善FT认购权”），每个流通性权证使持有人有权在发行之日起24个月内以0.50美元的行权价格购买（非流通性）股票。
The FT Shares are intended to qualify as "flow through shares" within the meaning of the Income Tax Act (Canada) (the "Tax Act"). The proceeds from the sale of the FT Shares will be used to incur "Canadian exploration expenses" that are intended to qualify as "flow-through mining expenditures" as those terms are defined in the Tax Act.
《税法》中“流投股份”的定义。通过出售流通股份所得款项将用于支出“加拿大勘探费用”，以符合2024年5月16日募集说明书所披露的增强操作计划的所需资金。2024年5月28日，北至超级矿业资源有限公司("Northern Superior") (tsx-v: superior)(otcqx: nsupf)很高兴地宣布已通过发行(i)在税法(如下所定义)第66(15)小节和魁北克省税法(如下所定义)第359.1条中被定义为"过渡股票"的数量为5050600的普通股(下称"过渡股票")价格为0.99美元每股，募集资金总额为5000094美元；和(ii)其中数量为5454600的普通股称为"HD股票"价格为每股0.55美元，募资3000030美元，募资总额共计8000124美元(下称"发行")的方式，完成了之前宣布的买入交易融资(详见2024年5月9日和5月10日的新闻稿)。所得税法（加拿大）（以下称"税法"）第66（15）款的意义内的"流通过渡股票"税法通过出售流通股份所得款项将用于支出“加拿大勘探费用”，以符合《税法》中“流投采矿支出”的定义。
Following the closing of the Private Placement Offerings and as an update to the disclosure contained in its prospectus dated May 16, 2024, the Company estimates that it will require the following funds to conduct its enhanced plan of operations over the next 12 months:
定向增发结束后，本公司估计在未来的12个月内进行增强型的运营计划，将需要以下的资金：
| Use |
Amount |
| To pay the estimated cost of the recommended Phase 1 exploration program and budget on the Frenchvale Graphite property | $250,000 |
| To pay the remaining cash consideration in accordance with the Charlevoix Silica Acquisition Agreement(1) | 100,000 |
| For phase 1 mineral exploration work in respect of the Charlevoix Silica property | $250,000 |
| Prospectus and Listing costs | $80,000 |
| Operating expenses for 12 months | $550,000 (2) |
| Investor relations | $150,000 |
| Unallocated working capital | $1,104,010 |
| 用途 |
金额 |
| 支付法国维尔石墨物业推荐的第一阶段勘探计划和预算的估算成本 | $250,000 |
| 按照查尔沃矽贸易收购协议支付剩余现金对价(1) | 100,000 |
| 执行查尔沃矽矿物物业的第一阶段矿物勘探任务 | $250,000 |
| 公开发售申请和上市费用 | $80,000 |
| 营业费用，为期12个月 | $550,000 (2) |
| 投资者关系 | $150,000 |
| 未分配营运资金 | $1,104,010 |
Notes:
注：
(1) Pursuant to the agreement with Charlevoix Silica Inc. entered into on April 15, 2024, an initial cash payment of $50,000 was previously made to Charlevoix Silica Inc.
(2) The estimated operating expenses for the next 12 months in the total amount of $550,000 include: accounting and audit fees of approximately $105,000, consulting fees of approximately $115,000, director fees of approximately $12,000, filing fees of approximately $15,000, OTC registration fee of $40,000 legal and corporate services fees of $171,000, and salaries and wages of approximately $20,000.
(1) 根据于2024年4月15日与查尔沃矽贸易有限公司签署的协议，已经向查尔沃矽贸易有限公司进行了金额为$50,000的首笔现金支付
(2) 预计为期12个月的营业费用总额为$550,000，包括：会计和审计费用约为$105,000，咨询费用约为$115,000，董事费用约为$12,000，申报费用约为$15,000，场外交易登记费为$40,000，法律和公司服务费用为$171,000，工资和薪水约为$20,000，所有基金类型的现金支出)
The Company notes that it may, for sound business reasons, re-allocate its intended expenditure of funds and / or plan of operations.
公司注意到基金的预算支出及/或运营计划可以根据良好的业务原因重新分配。
The Company also notes that it has elected not to make the next option payment, in the amount of $18,000, under its option agreement with Gravel Ridge Resources Ltd. and 1544230 Ontario Inc., and that it will not be pursuing the option thereunder.
公司还注意到，根据其与Gravel Ridge Resources Ltd. and 1544230 Ontario Inc.的期权协议，它选择不支付下一期的期权费，即$18,000，并且不会追求该期权下的期权。
All securities issued under the Private Placement Offerings are subject to a statutory hold period of four months and one day.
定向增发所发行的所有证券均受到四个月零一天的法定限售期限制。
The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States, or in any jurisdiction in which such offer, solicitation or sale would be unlawful.
本文所述证券未能按照1933年修正版的美国证券法或任何美国州证券法注册，也不得在未注册或符合豁免规定的情况下在美国境内或任何禁止该等投资的司法管辖区出售或提供。本新闻稿不构成在美国或任何该等投资被视为非法的司法管辖区出售或邀请购买证券的要约。
ON BEHALF OF THE BOARD OF DIRECTORS
董事会代表
"Jeffrey J. Stevens"
“Jeffrey J. Stevens”
CEO and Director
647-400-8494
Jeff@argyleresourcescorp.com
首席执行官和董事
647-400-8494
Jeff@argyleresourcescorp.com
Forward-Looking Statements
前瞻性声明
This news release contains forward-looking statements and other statements that are not historical facts. Forward-Looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties. Such statements in this news release include, but are not limited to, the statements with respect to the intended use of proceeds of the Private Placement Offerings, intended use of funds to conduct operations over the next 12 months, conducting future exploration and potential acquisitions and financing transactions. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company.
本新闻稿包含前瞻性声明和其他并非历史事实的声明。前瞻性声明经常被识别为“将会”、“可能”、“应该”、“预期”和类似的表达方式。本新闻稿中除历史事实声明外的所有声明均为前瞻性声明，涉及风险和不确定性。本新闻稿中的声明包括但不限于与定向增发所得款项的预期使用、资金用于未来勘探和潜在收购和融资交易、计划资金运营的关键因素的陈述。该等声明无法确保准确性，实际结果和未来事件可能与此类声明所预期的有所不同。由于众多已知和未知的风险、不确定性和其他因素，事件或情况可能导致实际结果与所预测结果有所不同，其中许多因素超出公司的控制范围。
Important factors that could cause actual results to vary from forward-looking statements or may affect the operations, performance, development and results of the Company's business include, among other things that mineral exploration is inherently uncertain and may be unsuccessful in achieving the desired results; that mineral exploration plans may change and be re-defined based on a number of factors, many of which are outside of the Company's control; the Company's ability to access sources of debt and equity capital; competitive factors, pricing pressures and supply and demand in the Company's industry. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-Looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
影响公司业务运营，表现，发展和结果或可能导致实际结果与前瞻性陈述存在差异的重要因素包括但不限于：矿产勘探本质上具有不确定性，可能无法实现预期的结果。矿产勘探计划可能会因多种因素而发生变化和重新定义，其中许多因素超出了公司的控制范围；公司获得债务和股权资本的能力；行业内的竞争因素，价格压力和供需情况。管理层在准备时认为的这些信息可能被证明是不正确的，实际结果可能与预期有所不同。本新闻稿中的前瞻性陈述受到此警示性声明的明确限制。本新闻稿中的前瞻性陈述是在本新闻稿的发布日期做出的，公司将根据适用法律明确要求更新或修订其中任何前瞻性陈述。
The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.
加拿大证券交易所（CSE）没有审查、批准或驳回本新闻稿的内容。
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
不得将本发行稿传播到美国新闻发布服务或在美国传播。