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FINWIRES

Argo Graphene Solutions Upsizes Private Placement Offering

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Argo Graphene Solutions (ARGO.CN) on Tuesday said it is upsizing a non-brokered private placement offering of share units to raise $635,000, up from its original $500,000 target.

The company said it will now place to up to 1.2-million units priced at $0.55 apiece and made up of a share and a two-year transferable warrant to buy a share for $0.70.

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

Shares of the company were last seen up $0.01 to $0.74 on the Canadian Securities Exchange.

Price: $0.74, Change: $+0.01, Percent Change: +1.37%

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