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| | November 16, 2009
Private Placement Announced
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| | Vancouver, B.C., November 16, 2009 - Argus Metals Corp. (the "Company") announces a non-brokered private placement to issue up to an aggregate 6,500,000 units at a price of $0.10 per unit for gross proceeds of up to C$650,000.
Each Unit will consist of one common share and one transferable share purchase warrant. Each full warrant is exercisable for up to two years from the closing, at a price of up to $0.15 per share.
The Company will use the private placement funds for prospective acquisitions announced in the November 9th, 2009 news release and for general working capital.
Finder's fees may be paid in accordance with the guidelines of the TSX Venture Exchange. The private placement is subject to approval of the Company's board of directors and 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. |
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