Offering sells 15 million units at C$0.07 per unit to Sprott Mining
By Devika Patel
Knoxville, Tenn., Sept. 2 – Argentum Silver Corp. announced it completed a C$1.05 million private placement of units with Sprott Mining Inc.
The company sold 15 million units of one common share and one warrant at C$0.07 per unit.
Each warrant is exercisable at C$0.11 until Sept. 2, 2019. The strike price represents an 8.33% discount to the Sept. 1 closing share price of C$0.12.
Argentum is a silver explorer in Vancouver, B.C.
| Issuer: | Argentum Silver Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.05 million
|
| Units: | 15 million
|
| Price: | C$0.07
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Sept. 2, 2019
|
| Warrant strike price: | C$0.11
|
| Investor: | Sprott Mining Inc.
|
| Settlement date: | Sept. 2
|
| Stock symbol: | TSX Venture: ASL
|
| Stock price: | C$0.12 at close Sept. 1
|
| Market capitalization: | C$2.27 million
|
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