Argyle Resources Announces Appointment of Michael Yeung as Chief Financial Officer
Argyle Resources Announces Appointment of
Michael Yeung as Chief Financial Officer
Calgary, Alberta--(Newsfile Corp. - August 19, 2024) -
Argyle Resources Corp
.
(CSE: ARGL) (OTC
Pink: ARLYF) (FSE: ME0) ("Argyle" or "the Company")
is pleased to announce the appointment of
Mr. Michael Yeung as Chief Financial Officer.
With over 18 years of experience in public and private
debt and equity markets, Mr. Yeung has held executive roles in both public and private companies. His
expertise spans across various leadership positions, including CEO, CFO, and member of the board of
directors.
He has demonstrated proficiency in financial oversight, strategic financial planning, risk
management, and investor relations. As CFO, Mr. Yeung effectively managed financial operations,
implemented financial controls, and played a pivotal role in driving the financial health and growth of the
organizations he served. His strategic insights and financial acumen have been instrumental in
optimizing capital allocation, enhancing financial reporting, and ensuring compliance with regulatory
requirements, contributing significantly to the overall success of the companies under his leadership.
Mr. Yeung replaces Mr. Christian Grundling.
The Company thanks Mr. Grundling for his services and
wishes him success in his future endeavors.
The Company is also pleased to announce that it has appointed Independent Trading Group, Inc. (" ITG
") as a market maker for its shares traded on the Canadian Securities Exchange (" CSE ").
ITG is a leading Canadian broker dealer, providing liquidity and execution services to clients around the
world. As a market maker for Argyle, ITG will strive to enhance the liquidity of, and contribute to a fair and
orderly market for Argyle's shares in accordance with the policies of the CSE by buying and selling
Argyle's shares on the CSE as well as other alternative Canadian trading venues.
Jeff Stevens, CEO of Argyle, commented, "ITG brings tremendous experience and commitment to
outstanding client service, which we believe will help Argyle deliver the best possible trading experience
for our investors. This is an important step forward for the Company and we are eager to work with ITG."
"ITG is excited to be working with Argyle to provide market-making services to their growing shareholder
base," said ITG's Managing Director, Jeff Gamble. "Our experienced traders and proven technology will
help to provide a liquid and efficient trading environment for Argyle shares."
ITG is a wholly owned subsidiary of DVX Capital Markets. The contract with ITG is for a three month
period, with automatic monthly extensions thereafter for a monthly fee of CDN $5,500. ITG will not
receive shares or options as compensation for its services. ITG and Argyle are unrelated and unaffiliated
entities and, at the time of the agreement for ITG's services, to the knowledge of the Company, neither
ITG nor its principals have an interest, directly or indirectly, in the securities of the Company.
About Independent Trading Group
Independent Trading Group, Inc. is a Toronto based IIROC dealer-member that specializes in market
making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic
trading solutions. Established in 1992, with a focus on market structure, execution and trading, ITG has
leveraged its own proprietary technology to deliver high quality liquidity provision and execution services
to a broad array of public issuers and institutional investors.
ON BEHALF OF THE BOARD OF DIRECTORS
Jeffrey Stevens
President & CEO
About Argyle Resources Corp.
Argyle Resources Corp. is a junior mineral exploration company engaged in the business of acquiring,
exploring, staking and evaluating natural resource properties in North America. The Company currently
holds an option to acquire up to 100% of the Frenchvale Graphite Property located in Nova Scotia,
Canada and owns 100% interest in the Pilgrim Islands, Matapedia and Lac Comporte quartzite silica
projects in Quebec, Canada.
Argyle is engaged in a research partnership with the National Institute of
Scientific Research (INRS), a high-level research and training institute funded by the Quebec
government to conduct exploration programs on the Company's silica projects. The Company was
incorporated in 2023 and its head office is located in Calgary, Alberta, Canada.
For all inquiries:
Forward-Looking Statements
Certain information contained herein constitutes "forward-looking information" under Canadian
securities legislation. Forward-looking information includes, but is not limited to, the services offered
under the contract and successful enhanced market conditions. Generally, forward-looking
information can be identified by the use of forward-looking terminology such as "will", "will be",
"intends", "expected" or variations of such words and phrases or statements that certain actions,
events or results "will" occur. Forward-looking statements are based on the opinions and estimates of
management as of the date such statements are made and are necessarily based upon a number of
assumptions and estimates that, while considered reasonable by management of the Company, they
are subject to known and unknown risks, uncertainties and other factors that may cause the actual
results to be materially different, including receipt of all necessary regulatory approvals. Although
management of the Company have attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking statements or forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements and forward-looking
information. The Company will not update any forward-looking statements or forward-looking
information that are incorporated by reference herein, except as required by applicable securities
laws.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/220442