ARGYLE RESOURCES CORP. Announces Private Placement Offerings

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VANCOUVER, BC, May 30, 2024 /CNW/ - Argyle Resources Corp. (CNSX:ARGL.CN) (the "Company") announces that it intends to complete a non-brokered private placement financing (the "Non-FT Private Placement") of up to 3,571,429 units of the Company ("Units") at a price of $0.35 per Unit for aggregate gross proceeds of up to $1,250,000.  Each Unit shall consist of one common share in the capital of the Company ("Share") and one Share purchase warrant ("Warrant"), with each Warrant entitling the holder thereof to purchase a Share at an exercise price of $0.45 for a period of 24 months from the date of issuance. The proceeds of the Non-FT Private Placement are intended to be used to fund a $100,000 cash payment under the Company's mineral property option agreement with Charlevoix Silica Inc., and for general working capital purposes.