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ARGL.CN · Newsfile ·

Argyle Announces up to C$1,000,000 LIFE Offering

Financings

Original source ↗

Calgary, Alberta--(Newsfile Corp. - October 14, 2025) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company") is pleased to announce that it intends to complete an offering consisting of a minimum of 2,500,000 units of the Company ("Units") at a price of C$0.20 per Unit, to raise minimum gross proceeds of C$500,000 and up to a maximum of 5,000,000 Units for aggregate gross proceeds up to C$1,000,000 (the "Offering"). Each Unit will be comprised of one common share in the authorized share structure of the Company (a "Share") plus one Share purchase warrant (each a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Share at an exercise price of C$0.27 for 24 months following the completion of the Offering. Closing of the Offering is also subject to the condition that the Company raise a minimum of C$500,000 through the Offering.

The Units to be issued under the Offering will be offered to purchasers pursuant to the listed issuer financing exemption ("LIFE Exemption") under Part 5A.2 of National Instrument 45-106 - Prospectus Exemptions, in all the provinces of Canada, except Québec. The Units offered under the LIFE Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws.