Argenta Completes CAD$5 Million Strategic Investment by Eduardo Elsztain Through Non- Brokered Private Placement and Appoints Mr. Nicolas Bendersky to the Board of Directors
Argenta Completes CAD$5 Million Strategic
Investment by Eduardo Elsztain Through Non-
Brokered Private Placement and Appoints Mr.
Nicolas Bendersky to the Board of Directors
VANCOUVER, BC
,
May 2, 2025
/CNW/ -
Argenta Silver Corp.
(TSXV: AGAG) ("
Argenta
" or the
"
Company
") is pleased to announce that, further to its press release dated
March 13, 2025
, it has
closed a non-brokered private placement (the "
Private Placement
") whereby IFIS Ltd. ("
IFIS
"), an
entity controlled by Eduardo Elsztain, acquired an aggregate of 25,000,000 common shares (the
"
Shares
") and 5,200,000 share purchase warrants (the "
Warrants
") of the Company for total
aggregate gross proceeds to
Argenta
of
CAD$5 million
. The issued Warrants are exercisable at
CAD$0.26
per share for a period of five (5) years from the date of grant. Administrative' fees equal
to 4% of the gross proceeds of the Private Placement will be paid in Shares of the Company to
certain consultants.
The Company and IFIS have also entered into an investor rights agreement dated
April 28, 2025
(the "
IRA
"), whereby, subject to certain conditions, including time and ownership thresholds, IFIS will
have certain rights, including the right to nominate a member of the Board of the Company and
participate in future equity issuances to maintain its ownership in the Company.
In this regard, the Company is pleased to welcome Mr.
Nicolas Bendersky
to the Board of Directors
of the Company. Mr. Bendersky has a degree in Economics and a Master's degree in Finance from
CEMA University. He began his career in 2001 in the Corporate Finance department at IRSA and
CRESUD and between 2004 and 2014, he held various positions at Consultores Asset Management
where he currently serves as CIO. Between 2015 and 2021, he was a member of the board of
numerous leading public and private companies in
Israel
and is currently a regular member of the
Board of Directors of IRSA Inversiones y Representaciones (NYSE: IRS), CRESUD (Nasdaq:
CRESY), Banco Hipotecario (BASE: BHIP) and BACS Banco de Crédito y Securitización.
A copy of the IRA will be available under the Company's SEDAR+ profile on
www.sedarplus.com
.
Securities issued pursuant to the Private Placement will be subject to a four month and one day hold
period in accordance with applicable Canadian securities laws and are subject to final acceptance of
the TSX Venture Exchange.
ABOUT
ARGENTA
SILVER CORP.
Argenta Silver Corp. is a focused silver exploration company committed to advancing projects that
support the global energy transition. Our mission is to create sustainable, long-term value for
shareholders by acquiring and developing high-potential silver assets in mining-friendly jurisdictions
across
Latin America
. Led by an experienced management team with deep expertise in exploration,
finance, and project development,
Argenta
takes a disciplined, strategic approach to growth. With a
strong emphasis on responsible mining practices, we are well-positioned to meet the rising demand
for silver—a critical metal in renewable energy and emerging technologies—while building a lasting
and successful company.
On behalf of Argenta Silver Corp.
"Joaquin Marias"
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE
Argenta Silver Corp.
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%SEDAR: 00009657E
CO: Argenta Silver Corp.
CNW 11:47e 02-MAY-25