Eduardo Elsztain Increases Strategic Investment in Argenta Through C$2.5 Million Private Placement
Eduardo Elsztain Increases Strategic
Investment in Argenta Through C$2.5 Million
Private Placement
TSX-V:AGAG
VANCOUVER, BC
,
Aug. 1, 2025
/CNW/ -
Argenta Silver Corp.
(TSXV: AGAG) (OTCQB: AGAGF)
(FSE: T1K)
("Argenta" or the "Company")
further to its press release of
May 2, 2025
announcing
a
C$5 million
strategic investment (the "
Initial Investment
") by Eduardo Elsztain, the Company is
pleased to announce that Mr. Elsztain has elected to exercise his pro-rata equity participation rights
(the "
Pro Rata Rights
") under an Investor Rights Agreement, which was entered into with the
Company concurrently with the Initial Investment.
The Pro Rata Rights are being exercised following the announcement by the Company of a bought
deal private placement financing on
July 24, 2025
and
July 25, 2025
(the "
Private Placement
"). An
entity controlled by Mr. Elsztain will invest in
Argenta
on the same pricing and terms as the Private
Placement and purchase 6,250,000 units (the "
Units
") at
$0.40
per Unit for a total investment of
C$2,500,000
(the "
Pro Rata Investment
"), separate and apart from the Private Placement. Each
Unit consists of one common share of the Company (each, a "
Common Share
") and one-half of one
transferable common share purchase warrant (each whole warrant, a "
Warrant
"). Each whole
Warrant entitles the holder to purchase one Common Share (each, a "
Warrant Share
") at a price of
C$0.60
at any time on or before that date which is 36 months after closing of the Pro Rata
Investment.
Joaquin Marias, Chief Executive Officer of
Argenta
stated,
"We are very pleased that Mr. Elsztain's
group has elected to increase their strategic investment in
Argenta
. This significant commitment
reflects their confidence in our vision and the immense potential of our El Quevar project."
The Company intends to use the net proceeds from the Pro Rata Investment 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.
The Pro Rata Investment is expected to close concurrently or shortly after the Private Placement on
or about
August 12, 2025
.
Securities issued pursuant to the Pro Rata Investment 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.
"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 Pro Rata Investment, the
anticipated closing date of the Pro Rata Investment, the intended use of proceeds of the Pro Rata
Investment, and the approval of the Pro Rata Investment 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 Pro Rata Investment may not close 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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For further information:
For further information: For further information, please contact: Vanessa
Bogaert, Vice President, Investor Relations & Communications, Tel: 604-721-7773
CO: Argenta Silver Corp.
CNW 08:30e 01-AUG-25