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    Argus Closes 1st Tranche of Private Placement

    Investing News Network
    Aug. 05, 2010 10:21AM PST
    Gold Investing

    Argus Metals Corp. (TSX VENTURE:AML) announced that it has received TSX Venture Exchange approval to the 1st tranche closing of its private placement.

    Argus Metals Corp. (TSX VENTURE:AML) announced that it has received TSX Venture Exchange approval to the 1st tranche closing of its private placement.

    The press release is quoted as saying:

    The Company raised an aggregate $579,800 through the issuance of 2,415,000 flow-through shares at a price of $0.12 per share and 2,900,000 non-flow-through units at a price of $0.10 per unit (each a “Unit”) under the placement. Each Unit consists of one common share and one-half of one transferable share purchase warrant. Each warrant is exercisable for up to one year from the closing date, at a price of up to $0.15 per share.

    Click here to access the entire press release

    Click here to access Argus Metals Corporate Site

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