11:55 AM EDT, 10/10/2025 (MT Newswires) -- Argo Graphene Solutions ( ARLSF ) Friday said it closed its non-brokered private placement offering of units for aggregate gross proceeds of $356,800.

The company issued 509,714 units priced at $0.70 each.

Each unit includes one common share in the capital of the company and one transferrable share purchase warrant. Each warrant allows the holder to buy one additional common share at $0.80 per share until Oct. 9, 2027.

The company plans to use the proceeds of the offering for general working capital purposes and to continue its research and development of its graphene products.

A statement noted that two directors of the company participated in the offering for aggregate proceeds of $38,000 and are considered to be "related parties" of the company.

Shares of the company were last seen up $0.05 to $0.98 on the Canadian Securities Exchange.

Price: 0.97, Change: +0.04, Percent Change: +4.30