Argenta Silver Announces Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$17 Million
Argenta Silver Announces Upsize of Bought
Deal LIFE Private Placement for Gross
Proceeds of C$17 Million
/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN
THE UNITED STATES
/
TSX-V: AGAG
VANCOUVER, BC
,
Jan. 7, 2026
/CNW/ - Argenta Silver Corp. (TSXV: AGAG) (FSE: T1K)
("
Argenta
" or the "
Company
") is pleased to announce that as a result of strong investor demand,
the Company has increased the size of its previously announced "bought deal" basis private
placement (the "
Underwritten Offering
") from gross proceeds of
C$10,000,000
to gross proceeds
of
C$17,000,000
. Pursuant to the upsized Underwritten Offering, Red Cloud Securities Inc. ("
Red
Cloud
"), as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (the
"
Underwriters
") has agreed to purchase for resale 21,250,000 common shares of the Company
(the "
Offered Shares
") at a price of
C$0.80
per Offered Share (the "
Offering Price
").
The Company will grant to the Underwriters an option, exercisable up to 48 hours prior to the
Closing Date, to purchase for resale up to an additional 2,500,000 Offered Shares at the Offering
Price for additional gross proceeds of up to
C$2,000,000
(the "
Over-Allotment Option
"). The
Underwritten Offering and the securities issuable upon exercise of the Over-Allotment Option shall
be collectively referred to as the "
Offering
".
The Company intends to use the net proceeds from the Offering for the exploration and
advancement of the Company's 100% owned El Quevar Project in
Salta Province
,
Argentina
as well
as for working capital and general corporate purposes.
Subject to compliance with applicable regulatory requirements and in accordance with National
Instrument 45-106 -
Prospectus Exemptions
("
NI 45-106
"), the Offered Shares will be offered for
sale to purchasers resident in all of the provinces of
Canada
except Québec 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 are expected to be immediately freely tradeable in accordance with applicable
Canadian securities legislation if sold to purchasers resident in
Canada
. The Offered Shares will also
be offered in
the United States
or to, or for the account or benefit of, U.S. persons, by way of
private placement pursuant to the exemptions from the registration requirements provided for under
the United States Securities Act of 1933, as amended (the "
U.S. Securities Act
"), and in
jurisdictions outside of
Canada
and
the United States
on a private placement or equivalent basis, in
each case in accordance with all applicable laws, provided that no prospectus, registration
statement or other similar document is required to be filed in such jurisdiction.
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
. Prospective investors should read this Amended
Offering Document before making an investment decision.
The Offering is scheduled to close on or about
January 22, 2026
or such other date as the Company
and
Red Cloud
may agree (the "
Closing Date
"). Completion of the Offering is subject to certain
conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the
approval of the TSX Venture Exchange (the "
TSX-V
"). On closing of the Offering, the Company has
agreed to pay the Underwriters a cash commission of 6.0% of the gross proceeds raised in respect
of Offering. In addition, on closing of the Offering, the Company has agreed to issue to the
Underwriters warrants of the Company exercisable for a period of 24 months following the closing
date to acquire in aggregate that number of common shares of the Company which is equal to 6.0%
of the number of Offered Shares sold under the Offering at an exercise price equal to the Offering
Price.
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 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.
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 structure and terms of the Offering, the anticipated
closing date of the Offering, the intended use of proceeds of the Offering, the filing of the
Amended Offering Document 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.
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%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 10:35e 07-JAN-26