Argex Titanium Inc. (TSX:RGX) announced a private placement of maximum of 25,000,000 units at a price of CAD 0.04 per unit for gross proceeds of maximum of CAD 1,000,000 on February 5, 2019. Each unit will consist of one common share and one share purchase warrant. Each unit will entitle the holder to purchase one additional common share at a price CAD 0.05 for a period of 24 months. All securities issued under the transaction are subject to hold period of four months. The transaction has received a conditional approval from Toronto Stock Exchange. The company expects the first closing of the transaction on or about February 6, 2019.