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Argo Living Soils Corp. ( (TSE:ARGO) ) has provided an update.
Argo Graphene Solutions Corp. has successfully closed a non-brokered private placement, raising $356,800 through the issuance of 509,714 units at $0.70 each. The proceeds will be used for general working capital and to further research and development of its graphene products. The involvement of two company directors in the offering, considered ‘related parties,’ was managed under specific exemptions, and all securities issued are subject to a four-month hold period. This financial maneuver is expected to bolster Argo’s operational capabilities and reinforce its position in the advanced materials industry.
More about Argo Living Soils Corp.
Argo Graphene Solutions Corp. is a Canadian advanced materials company focused on developing sustainable, high-performance solutions for the construction and agricultural industries. Through its subsidiary, Argo Green Concrete Solutions Inc., Argo leverages cutting-edge technologies to create eco-friendly products that meet the demands of modern infrastructure.
Average Trading Volume: 66,548
Technical Sentiment Signal: Buy
Current Market Cap: C$19.45M
See more data about ARGO stock on TipRanks’ Stock Analysis page.