Argus Closes 1st Tranche of 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.

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