Argenta Silver Announces Closing of Bought Deal LIFE Private Placement for Gross Proceeds of C$23 Million
Argenta Silver Announces Closing of Bought
Deal LIFE Private Placement for Gross
Proceeds of C$23 Million
TSX-V: AGAG
VANCOUVER, BC
,
Jan. 22, 2026
/CNW/ -
Argenta Silver Corp. (TSXV: AGAG) (FSE: T1K) ("
Argenta
" or the "
Company
") is pleased to
announce the closing of its previously announced "bought deal" private placement (the "
Offering
")
for gross proceeds of
C$23,000,000
, which includes the exercise in full of the over-allotment option.
Pursuant to the Offering, the Company sold 28,750,000 common shares of the Company (the
"
Offered Shares
") at a price of C$0.80 per Offered Share (the "
Offering
Price
"). Red Cloud Securities Inc. ("
Red Cloud
"), as lead underwriter and sole bookrunner, together
with Raymond James Ltd. (together with
Red Cloud
, the "
Underwriters
") acted as underwriters
under the Offering.
In accordance with National Instrument 45-106 –
Prospectus Exemptions
("
NI 45-106
"), the Offered
Shares were issued to Canadian purchasers pursuant to the listed issuer financing exemption under
Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-
935 –
Exemptions from Certain Conditions of the Listed Issuer Financing Exemption
. The Offered
Shares sold to purchasers resident in
Canada
are immediately freely tradeable in accordance with
applicable Canadian securities legislation.
As consideration for their services, the Underwriters received aggregate cash fees of
C$1,380,000
and 1,725,000 non-transferable common share purchase warrants (the "
Broker Warrants
"). Each
Broker Warrant is exercisable into one common share of the Company at the Offering Price at any
time on or before
January 22, 2028
.
There is an amended and restated offering document (the "
Amended Offering Document
") related
to the Offering that can be accessed under the Company's profile at
www.sedarplus.ca
and on the
Company's website at
www.argentasilver.com.
The closing of the Offering remains subject to the final approval of the TSX Venture Exchange (the
"
TSX-V
").
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall
there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful, including any of the securities in
the United States of America
. The securities
referred to in this news release have not been, and will not be, registered under the United States
Securities Act of 1933, as amended (the "
U.S. Securities Act
") or any U.S. state securities laws,
and may not be offered or sold in
the United States
or to, or for the account or benefit of, U.S.
persons, absent registration or any applicable exemption from the registration requirements of the
U.S. Securities Act and applicable U.S. state securities laws.
Early Warning
Frank Giustra
As reported in the last early warning report filed on August 14, 2025, Mr. Frank Giustra had indirect
ownership and/or control over an aggregate of 27,490,000 common shares of the Company and
3,650,000 common share purchase warrants of the Company, representing 11.34% of the
outstanding common shares of the Company and 12.66% on a partially diluted basis, assuming the
exercise of 3,650,000 common share purchase warrants.
After the issuance of the Offered Shares pursuant to the Offering, Mr. Giustra's shareholding in the
Company now represents 9.89% of the outstanding common shares of the Company and 9.96% on
a partially diluted basis, assuming the exercise of 225,000 common share purchase warrants.
As a result of dilution due to the Offered Shares issued pursuant to the Offering, Mr. Giustra is no
longer deemed a 10% holder and will not be required to complete any further early warning filings.
Mr. Giustra has filed a Report on SEDAR+ pursuant to National Instrument 62-103 (Early Warning
Report) as required to terminate his filing requirements.
A copy of the Early Warning Report filed by Mr. Giustra may be obtained from the Company's
SEDAR+ profile.
Eduardo Elsztain
As reported in the last early warning report filed on
August 14, 2025
, Mr. Eduardo Elsztain had
indirect ownership and/or control over an aggregate of 31,250,000 common shares of the Company
and 8,325,000 common share purchase warrants of the Company, representing
12.57% of the outstanding common shares of the Company and 15.40% on a partially diluted basis,
assuming the exercise of 8,325,000 common share purchase warrants.
As a result of dilution due to the Offered Shares issued pursuant to the Offering, Mr. Elsztain's
shareholding in the Company now represents 9.74% of the outstanding common shares of the
Company and 12.27% on a partially diluted basis, assuming the exercise of 8,325,000 common
share purchase warrants.
A copy of the Early Warning Report filed by Mr. Elsztain may be obtained from the Company's
SEDAR+ profile.
About the El Quevar Project
The El Quevar Project is located in Salta,
Argentina
and spans an area of 57,000 hectares. The
property remains underexplored with less than 3% of the area covered with comprehensive
exploration work. The property boasts exceptional infrastructure with over 60 km of internal roads,
a fully owned, fully operational camp for 100 workers with multiple support buildings, and a railroad,
gas pipeline and service road just 3 km from camp, while a high voltage transmission line lies
approximately 20 km from the exploration area. The robust infrastructure associated with the project
provides a cost-effective platform to de-risk and accelerate future drilling and development.
The foundational Mineral Resource Estimate of the Yaxtché deposit boasts an indicated mineral
resource of 45.3 million ounces of silver from 2.93 million tonnes grading 482 g/t Ag, and an inferred
resource of 4.1 million ounces from 0.31 million tonnes grading 417 g/t Ag (1). The mineral resource
area remains open at depth and in multiple directions, particularly to the southeast and northwest.
The mineralization at the Yaxtché deposit is defined as a silver rich, high to intermediate-sulphidation
epithermal system with associated gold. Mineralization is controlled by NW-SE and NE-SW fault
structures and is mainly hosted in brecciated zones and dacite domes. Silver minerals at Yaxtché
consist of complex silver sulphides, sulphosalts and native silver. These minerals are found within
silicified breccias, commonly appearing as veinlets, stockworks, disseminations, and breccia fillings.
Rob van Egmond, P.Geo., a "qualified person" as defined by National Instrument 43-101 Standards
of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical
information contained in this news release.
Rob van Egmond
, P.Geo. has visited the El Quevar
Project and is not independent of the Company.
(1) Refer to NI43-101 technical report with effective date of
September 30, 2024
, titled "NI 43-101
Technical Report on the Mineral Resource Estimate of the El Quevar Project Salta Province,
Argentina
", posted on
www.sedarplus.ca
under Argenta Silver Corp.
About Argenta Silver Corp.
Argenta Silver Corp. is a silver exploration company focused on 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
emphasizes responsible mining practices and is well-positioned to
meet the rising demand for silver, a critical metal in renewable energy and emerging technologies.
On behalf of Argenta Silver Corp.,
"Joaquín Marias"
President and Chief Executive Officer
Neither the TSX-V nor its regulation services provider (as that term is defined in the policies of the
TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
Certain statements and information herein contain forward-looking statements and forward-looking
information within the meaning of applicable securities laws. Forward looking information in this
news release includes, but is not limited to, the intended use of proceeds of the Offering and the
approval of the Offering by the TSX-V.
Although management of the Company believe that the assumptions made and the expectations
represented by such statements or information are reasonable, there can be no assurance that
forward-looking statements or information herein will prove to be accurate. Forward-looking
statements and information by their nature are based on assumptions and involve known and
unknown risks, uncertainties and other factors which may cause actual results, performance or
achievements, or industry results, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements or information. These risk
factors include, but are not limited to: the Offering
may not be completed as currently contemplated, or at all; exploration and development of the El
Quevar project may not result in any commercially successful outcome for the Company; risks
associated with the business of the Company; business and economic conditions in the mining
industry generally; changes in general economic conditions or conditions in the financial markets;
changes in laws (including regulations respecting mining concessions); and other risk factors as
detailed from time to time. The Company does not undertake to update any forward-looking
information, except in accordance with applicable securities laws.
SOURCE
Argenta Silver Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/January2026/22/c4227.html
%SEDAR: 00009657E
For further information:
For further information, please contact: Vanessa Bogaert, Vice President
Investor Relations & Communications, Tel: 604-721-7773
CO: Argenta Silver Corp.
CNW 10:44e 22-JAN-26