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  • Argo Living Soils (ARGO) has closed its initial public offering raising gross proceeds of $800,000
  • Argo now has a total of 18,070,001 common shares issued and outstanding
  • The company’s common shares are expected to begin trading on the CSE on August 3 under the symbol ARGO
  • Argo Living Soils is an agribusiness company specializing in producing and developing organic products for high-value crops

Argo Living Soils (ARGO) has closed its initial public offering and announced its CSE listing date.

The company issued 8,000,000 units at a price of $0.10 per unit for gross proceeds of $800,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional share for $0.35 at any time prior to 4:00 p.m. on August 3, 2023.

Argo now has a total of 18,070,001 common shares issued and outstanding.

The company’s common shares are expected to commence trading on the Canadian Securities Exchange on August 3, 2021, under the symbol ARGO.

PI Financial Corp. acted as an agent in connection with the IPO. In consideration of its services, the agent received a cash commission equal to 8.0 per cent of the gross proceeds of the IPO and options to purchase an amount equal to 8  percent of common shares sold under the IPO. Each agent’s option is exercisable at a price of $0.10 per share until August 3, 2023.

Argo Living Soils is an agribusiness company specializing in producing and developing organic products for high-value crops.

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