Argenta investor Elsztain to acquire $2.5M of units

Executive Summary

• Eduardo Elsztain’s entity will invest C$2.5 million (US$2.5 million) in Argenta Silver Corp., purchasing 6.25 million units at $0.40 per unit under the same terms as the company’s bought‑deal private placement.
• The investment provides additional capital for exploration of the 100% owned El Quevar project in Salta Province, Argentina, and for working‑capital/general corporate purposes.
• Closing is expected on or about August 12 2025, subject to a four‑month‑plus hold period and TSX Venture Exchange acceptance.

Key Details

• Pro rata rights exercised: Following the July 24‑25, 2025 private placement announcement, Elsztain elected to exercise his pro rata equity participation under the Investor Rights Agreement.
• Units purchased: 6.25 million units at $0.40 per unit = C$2.5 million total investment.
• Unit composition: Each unit consists of one common share and one‑half of a transferable common share purchase warrant.
• Warrant terms: One whole warrant (two half‑warrants) allows the holder to buy one common share at $0.60 any time up to 36 months after closing of the pro rata investment.
• Use of proceeds: Net proceeds will be allocated to exploration and advancement of the El Quevar project, plus working capital and general corporate purposes.
• Closing timeline: Expected concurrent with or shortly after the main private placement, on or about August 12 2025.
• Holding period: Securities issued are subject to a four‑month‑and‑one‑day hold period per Canadian securities regulations.
• Exchange approval: Subject to final acceptance by the TSX Venture Exchange.

Notable Quotes

“We are very pleased that Mr. Elsztain's group has elected to increase their strategic investment in Argenta. This significant commitment reflects their confidence in our vision and the immense potential of our El Quevar project.” – Joaquin Marias, Chief Executive Officer, Argenta Silver Corp.