Argenta Welcomes Argentine Businessman Eduardo Elsztain as Strategic Investor Through CAD$5 Million Private Placement TSXV – AGAG
ARGENTA WELCOMES ARGENTINE
BUSINESSMAN EDUARDO ELSZTAIN AS
STRATEGIC INVESTOR THROUGH CAD$5
MILLION PRIVATE PLACEMENT
TSXV – AGAG
VANCOUVER, BC
,
March 13, 2025
/CNW/ - Argenta Silver Corp. (TSXV: AGAG) ("Argenta" or the
"Company") is pleased to announce a strategic investment in the Company by prominent Argentine
businessman Eduardo Elsztain. Through IFIS, part of the Elsztain Group, he will acquire
25,000,000
shares of Argenta through a private placement of shares
(the "Private Placement")
at
CAD$0.20
per share for a total investment of
CAD$5,000,000
, resulting in Mr. Elsztain becoming
a significant shareholder, holding approximately 12.69% of the Company. In connection with this
investment, Mr. Elsztain will be entitled to representation on the Company's Board of Directors (the
"Board") through the appointment of a director to the Company's Board.
Mr. Elsztain is recognized as one of
Argentina's
most influential business leaders, having one of the
largest real assets business conglomerate in
Argentina
spanning industries including real estate,
agriculture, finance, and mining. Most notably, he serves as
Chairman and CEO of IRSA
(NYSE:IRS)
,
Argentina's
largest real estate company and
CRESUD (NASDAQ:CRESY)
, a major
agribusiness firm operating across
South America
. He also chairs
Banco Hipotecario
(BASE:BHIP)
, one of
Argentina's
foremost mortgage banks, and has played a key role in numerous
high-profile investment and development projects.
Beyond finance and real estate, Mr. Elsztain has been actively involved in
mining ventures across
Latin America
, with investments in both gold and silver assets. His deep understanding of resource
development and ability to identify undervalued opportunities positions him as a highly strategic
addition to Argenta's shareholder base.
Joaquín Marias, Director and VP of Exploration and Development, commented,
"It is an
honour to welcome Eduardo Elsztain as a significant shareholder and strategic partner in
Argenta
.
For decades, he has been a cornerstone of
Argentina's
business community, building a vast
corporation from the ground up and demonstrating an extraordinary ability to recognize hidden
value at early stages. Having both Eduardo Elsztain and
Frank Giustra
as major shareholders is a
significant milestone for Argenta, underscoring the strength of our vision and the exceptional
potential of El Quevar. Their involvement marks a major milestone for the Company, further
positioning us for long-term success in the silver sector."
Eduardo Elsztain remarked,
"I am excited to join Argenta as a shareholder. The Company's
commitment to responsible mining and its strategic focus on high-potential silver assets align with
our historical vision for development in the region. Silver is playing an increasingly vital role in the
global economy, and I look forward to supporting both Argenta's growth with this exceptional
project and the country´s outstanding future."
Argenta
owns 100% of the El Quevar Project
, located in Salta,
Argentina
. The project hosts an
Indicated Resource of 45.3 million ounces of silver at a grade of 482 g/t Ag
and an
Inferred
Resource of 4.1 million ounces at 417 g/t Ag
(1)
, making it one of
Argentina's
top three
undeveloped silver deposits. Extensively explored between 2008 and 2013 by its previous owner,
the project saw limited exploration in recent years. Recognizing its immense potential,
Argenta
Silver
acquired El Quevar in late 2024
and is now focused on unlocking its full value. Mr. Elsztain's
investment underscores
Argenta's commitment to advancing El Quevar responsibly and
strategically
, further strengthening its position in the silver exploration sector.
In connection with his appointment to the Board, in accordance with the terms of the Company's
stock option plan and subject to the approval of the TSX Venture Exchange, IFIS will be granted
5,200,000 incentive stock options in the Company priced at
$0.26
exercisable into common shares
of the Company for a period of five (5) years from the date of grant. Finders' fees equal to 4% of
the gross proceeds of the Private Placement will be paid in Shares of the Company to certain
consultants. The Private Placement is subject to the receipt of customary regulatory approvals,
including approval by the TSX Venture Exchange.
Additionally, further to the
Feb 27, 2025
announcement of a Marketing Agreement with Gold
Standard Media, LLC, the Company clarifies its previous disclosure on share ownership. To the best
of its knowledge, certain affiliates and related parties of Gold Standard currently own 2,313,000
shares of the Company.
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.
Andrew Hamilton
, 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.
(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.SEDAR+.ca under Argenta Silver Corp.
On behalf of Argenta Silver Corp.
"Geir Liland"
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.
Forward Looking Information
Certain statements and information herein contain forward-looking statements and forward-looking
information within the meaning of applicable securities laws. Such forward-looking statements or
information include but are not limited to statements or information with respect to: the El Quevar
project. 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: 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: Tel: 604.609.6110, Email:
[email protected] or visit the Company's website at https://www.argentasilver.com
CO: Argenta Silver Corp.
CNW 08:28e 13-MAR-25