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Butte Energy ( (TSE:AGAG) ) just unveiled an announcement.
Argenta Silver Corp. has further upsized its previously announced bought-deal private placement to C$20 million, with Red Cloud Securities leading the syndicate to purchase 25 million common shares at C$0.80 each and an option to buy additional shares that could add up to C$3 million in gross proceeds. The financing, structured under Canada’s listed issuer financing exemption and also marketed via private placements in the U.S. and other jurisdictions, is intended to fund exploration and advancement of the El Quevar Project in Argentina as well as general corporate purposes, bolstering Argenta’s capital base for exploration and potentially strengthening its position within the silver exploration space, subject to TSX Venture Exchange and other regulatory approvals.
More about Butte Energy
Argenta Silver Corp. is a Canadian precious metals exploration company focused on advancing its 100%-owned El Quevar silver project in Salta Province, Argentina. The El Quevar property spans 57,000 hectares and is considered significantly underexplored, positioning Argenta within the junior mining sector with a primary focus on silver exploration and development in Latin America.
Average Trading Volume: 1,281,260
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$238.2M
See more data about AGAG stock on TipRanks’ Stock Analysis page.