Argo Corporation has closed on $5,445,383 in financing, including a private placement, a secured loan, and the exercise of outstanding warrants. The Offering was led by TheVentureCity, with a total issuance of 3,750,000 common shares at $0.40 per share. The Loan, secured with North American Bond Company, is for $1,500,000 at 12% interest. The Company also received $2,445,383 from the exercise of outstanding warrants. Argo aims to revolutionize city transit with an integrated system. Forward-looking statements caution against undue reliance on projections. The Company does not intend to update or revise forward-looking statements.

Read more at GlobeNewswire: Argo Corporation Closes $5.4 Million in Financing