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General News
Argo Living Soils (CSE: ARGO) Enters Consulting Agreement with New Orleans Private Wealth Management
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Highlights
Argo Living Soils Corp. (CSE: ARGO, OTC Pink: ARLSF) has announced the signing of a consulting agreement with New Orleans Private Wealth Management (NOWM), effective March 24, 2025. Under the terms of the agreement, NOWM will provide strategic advisory services to Argo, including guidance on business development, product planning, market development, and introductions to potential strategic partners, customers, and sources of financing. The consulting engagement is set to last for two years.
As compensation for these services, Argo has agreed to issue NOWM non-transferable compensation options, which can be exercised for up to 1,500,000 units of the Company. Each unit consists of one common share and one share purchase warrant. The exercise price for the units is set at $0.54 per unit, with the warrants offering the right to purchase additional shares at $1.00 each for a two-year period. NOWM can exercise the compensation options in quarterly tranches of up to 375,000 units, with payment for the options either through cash or offsetting invoices for services rendered under the consulting agreement.
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