Argentum Silver Corp. Announces Private Placement
September 12, 2014: Vancouver, BC - Argentum Silver Corp. (ASL: TSX-V) (“Argentum or the “Company”) announces that it will undertake a non-brokered private placement (the “Private Placement”) of up to 5,000,000 units (the “Units”) at a price of $0.055 per Unit for gross proceeds of up to $275,000.
Each Unit is comprised of one common share and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of $0.10 per common share for a period of 24 months from the date of issuance.
In connection with the Private Placement, the Company may pay finder’s fees in accordance with the policies of the TSX Venture Exchange.
The securities issued will be subject to a four-month hold period from the date of issuance. All funds will be used for general working capital purposes.
Completion of the private placement is subject to the approval of the TSX Venture Exchange.
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.