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Argenta Completes CAD$5 Million Strategic Investment by Eduardo Elsztain Through Non-Brokered Private Placement and Appoints Mr. Nicolas Bendersky to the Board of Directors
Argenta Silver Corp. (TSXV: AGAG) ("Argenta" or the "Company") is pleased to announce that, further to its press release dated March 13, 2025, it has closed a non-brokered private placement (the "Private Placement") whereby IFIS Ltd. ("IFIS"), an entity controlled by Eduardo Elsztain, acquired an aggregate of 25,000,000 common shares (the "Shares") and 5,200,000 share purchase warrants (the "Warrants") of the Company for total aggregate gross proceeds to Argenta of CAD$5 million. The issued Warr
About this update from Argenta Silver Corp
[{"type":"text","content":"VANCOUVER, BC, May 2, 2025 /CNW/ - Argenta Silver Corp. (TSXV: AGAG) ("Argenta" or the "Company") is pleased to announce that, further to its press release dated March 13, 2025, it has closed a non-brokered private placement (the "Private Placement") whereby IFIS Ltd. ("IFIS"), an entity controlled by Eduardo Elsztain, acquired an aggregate of 25,000,000 common shares (the "Shares") and 5,200,000 share purchase warrants (the "Warrants") of the Company for total aggregate gross proceeds to Argenta of CAD$5 million. The issued Warrants are exercisable at CAD$0.26 per share for a period of five (5) years from the date of grant. Administrative' fees equal to 4% of the gross proceeds of the Private Placement will be paid in Shares of the Company to certain consultants.","length":844,"tagName":"p"},{"type":"image","alt":"Argenta Silver Corp. logo (CNW Group/Argenta Silver Corp.)","displaySize":"","headline":null,"caption":"Argenta Silver Corp. logo (CNW Group/Argenta Silver Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":50,"url":"https://media.zenfs.com/en/cnwgroup.com/aa8fc2790186e2b855dcbf8ef441a9fe"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Iz8MjdymwgsfjpCk5AYMOg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTg4O2NmPXdlYnA-/https://media.zenfs.com/en/cnwgroup.com/aa8fc2790186e2b855dcbf8ef441a9fe","width":400,"height":50}},"href":"https://mma.prnewswire.com/media/2678718/Argenta_Silver_Corp__Argenta_Completes_CAD_5_Million_Strategic_I.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Company and IFIS have also entered into an investor rights agreement dated April 28, 2025 (the "IRA"), whereby, subject to certain conditions, including time and ownership thresholds, IFIS will have certain rights, including the right to nominate a member of the Board of the Company and participate in future equity issuances to maintain its ownership in the Company.","length":382,"tagName":"p"},{"type":"text","content":"In this regard, the Company is pleased to welcome Mr. Nicolas Bendersky to the Board of Directors of the Company. Mr. Bendersky has a degree in Economics and a Master's degree in Finance from CEMA University. He began his career in 2001 in the Corporate Finance department at IRSA and CRE...