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Butte Energy ( (TSE:AGAG) ) has issued an announcement.
Argenta Silver Corp. has arranged a C$10 million bought-deal private placement led by Red Cloud Securities, under which underwriters will acquire 12.5 million common shares at C$0.80 each, with an option to purchase an additional 2.5 million shares for up to C$2 million more. The financing, conducted under Canada’s listed issuer financing exemption and structured to allow immediate free trading of the shares in most Canadian provinces, will fund exploration and advancement of the El Quevar Project in Argentina as well as general corporate purposes, reinforcing Argenta’s ability to accelerate work on its underexplored flagship asset while providing underwriters with cash commissions and warrants as part of the deal’s economics.
More about Butte Energy
Argenta Silver Corp. is a Vancouver-based precious metals exploration company focused on advancing its 100%-owned El Quevar silver project in Salta Province, Argentina. The 57,000-hectare property is largely underexplored, with less than 3% having seen comprehensive exploration work, but benefits from established on-site infrastructure, including more than 60 kilometres of internal roads and a fully owned, operational camp for 100 workers.
Average Trading Volume: 1,281,260
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$238.2M
For an in-depth examination of AGAG stock, go to TipRanks’ Overview page.