Argentum Silver Extends Private Placement
Argentum Silver Corporation Suite 311 - 409 Granville Street Vancouver, BC CANADA V6C 1T2
ARGENTUM SILVER EXTENDS PRIVATE PLACEMENT
October 30, 2014 – Argentum Silver Corp. (ASL-V) ("Argentum" or the "Company") announces that further to its news release of September 12, 2014, it has extended its non-brokered private placement to November 10, 2014. The private placement consists 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”), with each Warrant entitling the holder thereof 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.
The Company closed the first tranche of the private placement on October 2, 2014, in the amount of 1,905,908 units at $0.055 per unit for total gross proceeds of $104,825. The second tranche of the placement will be subject to the acceptance of the TSX Venture Exchange.
All securities issued under the placement will be subject to a four-month hold period from the date of issuance. All funds will be used for general working capital purposes.
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.