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Butte Energy ( (TSE:AGAG) ) has issued an update.
Argenta Silver Corp. announced the closing of a C$2.5 million investment by Tyrus S.A., an affiliate of Eduardo Elsztain, as part of a ‘bought deal’ private placement. This investment will fund the exploration and advancement of the El Quevar Project in Argentina. The transaction increases Mr. Elsztain’s control over Argenta’s shares, highlighting a strategic interest in the company’s operations. The investment is subject to TSX Venture Exchange approval and is considered a ‘related party transaction’ under Canadian regulations.
More about Butte Energy
Argenta Silver Corp. operates in the mining industry, focusing on silver exploration and development. The company is primarily engaged in advancing its El Quevar Project located in Salta Province, Argentina, which spans 57,000 hectares and features robust infrastructure to support exploration activities.
Average Trading Volume: 770,197
Technical Sentiment Signal: Buy
Current Market Cap: C$127M
For a thorough assessment of AGAG stock, go to TipRanks’ Stock Analysis page.