Thursday, June 02, 2016

Argus Metals Announces Private Placement

Vancouver, B.C., June 2, 2016 - Argus Metals Corp. (the "Company" or "Argus") (TSX.V: AML) has arranged a non-brokered private placement of up to 600,000 units of the Company ("Units") at a price of $0.10 per Unit for gross proceeds of up to $60,000. Each Unit will consist of one common share and one-half common share purchase warrant ("Warrant"). Each whole Warrant will entitle the holder to purchase one common share of the Company for a period of 24 months from the closing date at a price of $0.15 per common share. The Company also announces its intention to complete a non-brokered private placement of up to 333,333 flow-through shares of the Company at a price of $0.15 per share for gross proceeds of up to $50,000. The total fund raising will have gross proceeds of $110,000.

The Company may pay finder's fees of up to 7.0% of subscription amounts placed, payable in cash or Units, plus issue finder's warrants in an amount up to 7.0% of securities sold, with each such finder's warrant exercisable to acquire one common share of the Company at a price of $0.15 for twelve months from closing.

Closing of the Offering is anticipated to occur on or before July 15, 2016 and is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange. Securities issued under the Offering will be subject to a four month hold period which will expire four months from the date of closing.

The proceeds from the Offering will be used to continue exploration on the Company's IKE Exploration Project, general working capital purposes and project generation.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Collins
President and CEO

For further information, please contact:
Argus Metals Corp.
501 - 525 Seymour Street,
Vancouver BC, V6B 3H7
Telephone: (604) 764-7094
Facsimile: (604) 568-7608
Website: www.argusmetalscorp.com

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.

We seek safe harbor.

You can also view this News Release on our website at:
http://www.argusmetalscorp.com/s/NewsReleases.asp?ReportID=751185

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Argus Metals Corp.


	CODE : AML.V

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Argus Metals is a exploration company based in Canada.

Argus Metals holds various exploration projects in Canada.

Its main exploration property is HYLAND in Canada.

Argus Metals is listed in Canada. Its market capitalisation is CA$ 1.4 millions as of today (US$ 1.0 millions, € 930 173).

Its stock quote reached its highest recent level on March 13, 2009 at CA$ 8.99, and its lowest recent point on October 20, 2023 at CA$ 0.01.

Argus Metals has 9 000 000 shares outstanding.

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