TORONTO, June 05, 2026 (GLOBE NEWSWIRE) -- Argo Corporation (TSXV:ARGH), (OTCQX:ARGHF) ("Argo" or the "Company"), a leader in next-generation transit solutions, announces that it has closed a non-brokered private placement with a strategic investor whose business is related to the manufacturing of potential future vehicle hardware.

Argo continues to advance its next-generation public transit platform and evaluate opportunities to develop alignment with partners and investors in support of its long-term vehicle hardware and fleet strategy. The private placement consisted of 1,150,000 common shares issued at a price of $0.40 per common share, for gross proceeds of $460,000. No finder's fees or commissions were paid in connection with the private placement. The Company intends to use the proceeds from the private placement for working capital and general corporate purposes. The securities issued under the private placement are subject to a statutory hold period expiring October 6, 2026, in accordance with applicable securities laws. The private placement remains subject to final acceptance of ...