On August 19, 2024, at 7:30 PM EDT, Calgary, Alberta– Argyle Resources Corp. (CSE: ARGL) (OTC Pink: ARLYF) (FSE: ME0) announced the appointment of Mr. Michael Yeung as Chief Financial Officer. Mr. Yeung brings more than 18 years of experience in public and private debt and equity markets, having served in executive roles in various organizations. His expertise includes financial oversight, strategic financial planning, risk management, and investor relations. In his role as CFO, Mr. Yeung has effectively managed financial operations, implemented controls, and contributed significantly to the financial health and growth of the companies he has worked with.
Mr. Yeung will be replacing Mr. Christian Grundling, and the Company expresses gratitude for Mr. Grundling’s service and wishes him success in his future endeavors. Additionally, Argyle Resources Corp. announced the appointment of Independent Trading Group, Inc. (ITG) as a market maker for its shares on the Canadian Securities Exchange (CSE). ITG will provide liquidity and execution services to enhance the liquidity and facilitate a fair and orderly market for Argyle’s shares.
CEO of Argyle, Jeff Stevens, expressed optimism about the partnership with ITG, highlighting the firm’s experience and commitment to client service. ITG’s Managing Director, Jeff Gamble, also noted the company’s enthusiasm for working with Argyle to provide market-making services.
About Independent Trading Group, Inc., it is a Toronto-based IIROC dealer-member specializing in market-making, liquidity provision, agency execution, ultra-low latency connectivity, and algorithmic trading solutions. Established in 1992, ITG leverages proprietary technology to deliver high-quality liquidity provision and execution services to public issuers and institutional investors.
The contract with ITG is for a three-month period with automatic monthly extensions for a monthly fee of CDN $5,500. ITG will not receive shares or options as compensation for its services. ITG and Argyle Resources Corp. are unrelated and unaffiliated entities.
Argyle Resources Corp. is engaged in mineral exploration, acquiring, exploring, staking, and evaluating natural resource properties in North America. The Company’s research partnership with the National Institute of Scientific Research (INRS) focuses on conducting exploration programs on silica projects. The Company’s head office is located in Calgary, Alberta, Canada.
This press release may contain forward-looking information under Canadian securities legislation, including details about the contract’s services and market conditions. Actual results may vary due to known and unknown risks, uncertainties, and other factors. Readers are advised not to place undue reliance on forward-looking statements. The Canadian Securities Exchange has not approved or disapproved the contents of this news release.
