Argo Taps ITG as Market Maker and Raises $750,000 in Private Placement

Steer Technologies ( (TSE:ARGH) ) has shared an announcement.

Argo Corporation has appointed Toronto-based Independent Trading Group as its market maker, subject to regulatory approval, to trade its shares across the TSX Venture Exchange and other venues with the aim of stabilizing the market and boosting liquidity. The agreement, starting March 27, 2026, runs on a rolling one-month term at a fee of $6,000 per month, involves no equity-based compensation, and is structured with no performance conditions, underscoring a straightforward, arms-length arrangement.

Separately, Argo closed a non-brokered private placement of 1,875,000 common shares at $0.40 each, raising $750,000 in gross proceeds to support working capital and general corporate purposes. The financing, which follows an earlier private placement completed in February and involves no finder’s fees, extends participation by strategic and angel investors and remains subject to final TSX Venture Exchange acceptance, signaling ongoing capital-raising momentum to fund the company’s transit ambitions.

More about Steer Technologies

Argo Corporation is a transit technology company that develops a vertically integrated, city-scale mobility platform designed to augment public transportation. Its system connects intelligently routed vehicles into a unified network aimed at improving urban mobility and giving cities and riders greater control over transportation options.

Average Trading Volume: 48,167

Technical Sentiment Signal: Sell

Current Market Cap: C$92.41M

For an in-depth examination of ARGH stock, go to TipRanks’ Overview page.