Canadian silica, gold explorer Argyle announces two offerings to raise $1.2m

Canada-listed silica, gold and silver explorer Argyle Resources Corporation has announced it will undertake a non-brokered private placement to raise up to $620 000 from the issue of 2.7-million shares at a price of $0.23 a unit. Each unit will consist of one common share of the company and one common share purchase warrant that entitles the holder to purchase an additional common share at a price of $0.31 apiece.