New Issue: Argentex Mining prices C$7.35 million placement of common-share units

By Devika Patel

Knoxville, Tenn., June 1 - Argentex Mining, Inc. said it plans a C$7.35 million private placement of units.

The company will sell 9,184,000 units at C$0.80 apiece to IFC. Each unit consists of one common share and a warrant. Each warrant is exercisable at C$1.34 for five years.

Proceeds will be used for exploration and pre-feasibility activities, as well as for working capital and for general corporate purposes.

Argentex is a mineral exploration company based in Toronto.

Issuer:	Argentex Mining, Inc.
Issue:	Units of one common share and a warrant
Amount:	C$7,347,200
Units:	9,184,000
Price:	C$0.80
Warrants:	One warrant per unit
Warrant expiration:	Five years
Warrant strike price:	C$1.34
Investor:	IFC
Pricing date:	June 1
Stock symbol:	TSX Venture: ATX
Stock price:	C$0.81 at close May 31
Market capitalization:	C$36.9 million

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