Argus Metals Corp.: Closes Non-Brokered Secured Convertible Debenture
28.03.2017 | Marketwire
Release date 27032017: Vancouver - Argus Metals Corp. ('Argusb', the 'Company') (TSX.V: AML) announces it has closed a non-brokered private placement of a secured convertible debenture for gross proceeds of $60,000.Dated March 24th, 2017, the term of the debenture is 36 months and bears interest at 8% calculated and payable semi-annually. The debenture is convertible into common shares at $0.15 per share, at any time at the election of the holder. There is one placee - Southern Gold Resources, a private company owned by Alan C Savage, a director and the Chairman of the Company. The proceeds of debenture will be used by the Company to repay a $22,000 long term loan, project development, and for G&A.
Contact:
Michael Collins, President and CEO
Argus Metals Corp.
Tel: (604) 764-7094
Fax: (604) 568-7608
Web: www.argusmetalscorp.com