Argyle to raise $1M privately (Grey Market:ARLYF)

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  • Argyle Resources (OTC:ARLYF) will complete a non-brokered private placement offering of units at a price of $0.42 per unit, for gross proceeds of ~$1M.
  • Each unit will consist of one common share and one common share purchase warrant, with each warrant entitling to purchase one common share at a price of $0.53 for a period of 24 months.

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