Argex Titanium announces $1.5M private placement

News Release

Argex Titanium Announces Private Placement

Not for distribution to United States newswire services or for dissemination in the United States

MONTREAL, Québec – December 13, 2017 – Argex Titanium Inc. (TSX: RGX) (“Argex”) is pleased to announce that it has received conditional approval from the Toronto Stock Exchange for a private placement of a maximum of 20,000,000 “hard-dollar” units (“HD Units”) and a maximum of 10,000,000 “flow-through” units (“FT Units”) at a price of $0.05 per unit, for maximum gross proceeds to Argex of $1.5 million. Argex expects that a first closing of the private placement will take place on or about December 15, 2017.

Each of the HD Units will be comprised of one common share and one common share purchase warrant while each of the FT Units will be comprised of one “flow-through” common share and one-half common share purchase warrant. Each full warrant will entitle its holder to acquire one additional Argex common share at a price of $0.06 for a period of 24 months.
Argex will use the proceeds from the sale of the FT Units for exploration on its Lac Brûlé iron-titanium (Fe-Ti) property in Québec and the net proceeds from the sale of the HD Units for working capital.

The units are being offered to “accredited investors” in some or all of the provinces of Canada and in other jurisdictions, if any, determined by Argex.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, and these securities will not be offered or sold in any jurisdiction in which their offer or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws of the United States. Accordingly, these securities will not be offered or sold to persons within the United States unless an exemption from the registration requirements of the 1933 Act and applicable state securities laws is available.

About Argex Titanium

Argex Titanium Inc. has developed an advanced chemical process for the volume production of high-grade titanium dioxide (TiO2) for use in high-quality paint, plastics, cosmetics and other TiO2 applications. The Corporation’s unique proprietary process uses relatively inexpensive and plentiful source material from a variety of potential vendors to produce TiO2, along with other valuable by-products. Argex’s process provides a significant cost and environmental advantage over current legacy TiO2 production methods.

Contact: Mazen Alnaimi
Chairman and Chief Executive Officer | Argex Titanium Inc.

Gladys Caron
Corporate Communications and Investor Relations | Argex Titanium Inc.