Argentum Clarifies Announcement
03 Octobre 2011 - 3:30PM
Marketwired
Argentum Silver Corp. (TSX VENTURE:ASL) ("Argentum" or the
"Company") wishes to clarify the announcement distributed by
Stockwatch on September 16, 2011, referring to the early warning
report filed the same day by a shareholder of Argentum. Argentum
would like to clarify that this was not an official news release by
Argentum, but rather an early warning report filed by the
shareholder pertaining to securities acquired in Argentum's private
placement in February of 2011. Argentum's last private placement,
consisting of units priced at $0.35 each, was completed in June of
2011 for gross proceeds of $4,155,915. Argentum has not announced
or completed any private placements since June, nor is it currently
contemplating a private placement.
Warren McIntyre, CEO of Argentum, stated, "The announcement by
Stockwatch did not specify that the securities in question were
purchased in February of 2011. It appears that the market may have
read the Stockwatch announcement to say that 1.5 million units of
Argentum were recently acquired at $0.11, which is not the
case."
Mr. McIntyre went on to say, "Argentum is currently well
capitalized and continuing the exploration of our properties in
Oaxaca, as well as our recently acquired properties in Jalisco,
Mexico, and we are excited by the opportunities that they
represent. We are currently awaiting results from recent channel
sampling on the Coyote and Victoria properties, which will assist
our exploration team in setting targets for our future drilling
programs. We are also in negotiations with various drilling
companies regarding these upcoming programs."
About Argentum Silver
Argentum holds the right to acquire a 100% interest in the
Lachiguiri, Silacayoapan and Nino Perdido properties, all located
in Oaxaca, Mexico, under an option agreement with Arco Resources
Corp. Argentum also has an option to earn a 100% interest from
Soltoro Ltd. in the Victoria and Coyote silver-gold projects
located in Jalisco, Mexico. For further information, please go to
www.argentumsilvercorp.com.
On behalf of the Board of Directors of Argentum Silver Corp.
Warren McIntyre, President and Chief Executive Officer
This News Release may contain forward-looking statements
including but not limited to comments regarding the timing and
content of upcoming work programs, geological interpretations,
receipt of property titles, potential mineral recovery processes,
etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties.
Actual results may differ materially from those currently
anticipated in such statements. Argentum relies upon litigation
protection for forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Argentum Silver Corp. Ian Tootill Director of Investor
Relations
604.661.2110ian@argentumsilvercorp.comwww.argentumsilvercorp.com
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