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| | March 05, 2010
Private Placement
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| | Vancouver, B.C., March 5, 2010 -- Argus Metals Corp. (the "Company") announces a non-brokered private placement to issue up to 1,625,000 units at $0.20 per unit, to raise up to C$325,000 (the "Offering").
Each Unit to consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share, exercisable for one year from the closing date, at a price of $0.30 per share.
The Company will use the private placement funds for its general working capital purposes.
The private placement is subject to approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Collins
President and CEO
For further information, please contact:
Argus Metals Corp.
350-580 Hornby St,
Vancouver BC, V6C 3B6
Telephone: (604) 687-2471
Facsimile: (604) 687-2472
Website: www.argusmetalscorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
FORWARD LOOKING INFORMATION DISCLAIMER
Certain of the statements made and information contained herein is "forward-looking information" within the meaning of applicable securities legislation, including statements concerning our plans to raise private placement funds. Each of these activities involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Risks include delays in obtaining or failure to obtain required TSXV or shareholder approvals. There is no assurance the Company will be able to raise any equity financing. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise. |
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| | You can view the Next News Releases item: Thu Apr 8, 2010, Argus Closes Private placement for a total of $330,000
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