Argentum Silver Announces Changes in Management and Shares for Debt Transactions
Argentum Silver Corporation Suite 311 - 409 Granville Street Vancouver, BC CANADA V6C 1T2
ARGENTUM SILVER ANNOUNCES CHANGES IN MANAGEMENT AND SHARES FOR DEBT TRANSACTIONS
September 11, 2014 – Argentum Silver Corp. (ASL-V) ("Argentum" or the "Company") announces that Ms. Carrie Cesarone has been appointed as the Company’s Chief Financial Officer and Corporate Secretary. Ms. Cesarone replaces Barry Lee as Chief Financial Officer, and Jeff Sheremeta as Corporate Secretary, both of whom have resigned.
Ms. Cesarone has worked in the public company sector for over 20 years as a paralegal. She currently works as an independent contractor for TSX Venture Exchange and Canadian Securities Exchange listed companies. She has been Chief Financial Officer for Strike Graphite Corp. since September, 2013 and has been Corporate Secretary for Strike since April, 2011. She has also been Corporate Secretary for Goldeneye Resources Corp. since October, 2012. She holds a Bachelor of Arts from Simon Fraser University.
Shares for Debt
The Company also announces that it has entered into debt settlement agreements (the "Agreements") with Messrs. Lee and Sheremeta and with two other non-related parties for accrued fees for services provided to the Company. The Company has agreed to issue an aggregate of 769,230 common shares (the "Shares") at a deemed price of $0.065 per Share to settle indebtedness of $50,000, $20,000 of which is to the non-related parties. The Company chose to settle this outstanding indebtedness with the Shares as part of its plan to move the Company forward and in order to preserve its potential funds for operations.
The issuance of the Shares pursuant to the Agreements is subject to the approval of the TSX Venture Exchange and to a 4-month plus one day hold period from the date of issuance.
About Argentum Silver
Argentum holds a 100% interest in the Coyote and Victoria properties located in Jalisco, Mexico, and the Lachiguiri and Silacayoapan properties located in Oaxaca, Mexico. For further information, please visit www.argentumsilvercorp.com.
On behalf of the Board of Directors of Argentum Silver Corp.
“Geoff Balderson”
President & CEO
For information please contact:
Phone: 604-602-0001 Email: [email protected]
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Argentum relies upon litigation protection for forward-looking statements.
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.