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Butte Energy ( (TSE:AGAG) ) has issued an announcement.
Argenta Silver Corp. has successfully closed a bought deal private placement, raising C$15 million. The funds will be used to advance the El Quevar Project and for general corporate purposes. The transaction involved the issuance of 37.5 million units, with Red Cloud Securities acting as the sole underwriter. Notably, Frank Giustra’s ownership in the company has decreased due to the dilution from the offering, although he acquired additional units for investment purposes. The closing is subject to final approval by the TSX Venture Exchange.
More about Butte Energy
Argenta Silver Corp. operates in the mining industry, focusing on the exploration and development of silver projects. The company’s primary project is the El Quevar Project located in Salta Province, Argentina, which spans 57,000 hectares and is underexplored with significant infrastructure in place.
Average Trading Volume: 770,197
Technical Sentiment Signal: Buy
Current Market Cap: C$127M
See more data about AGAG stock on TipRanks’ Stock Analysis page.
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