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| ||December 23, 2009|
| ||Vancouver, B.C., December 23, 2009 -- further to news release dated November 16, 2009, Argus Metals Corp. (the "Company") announces that it has received TSX Venture Exchange approval to the first tranche closing of its private placement. The Company raised $401,000 through the issuance of 4,010,000 units at a price of $0.10 per unit (the "Units"). Each Unit consists 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 Shares are subject to a hold period expiring April 19, 2009. There are no Finder's fees associated with the first tranche of the private placement.
ON BEHALF OF THE BOARD OF DIRECTORS
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
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.
You can view the Next News Releases item: Thu Jan 14, 2010, Argus Closes Private placement for a total of $650,000
You can view the Previous News Releases item: Mon Nov 16, 2009, Private Placement Announced
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