Argentex Mining Issues 2,006,107 Common Shares at CDN$0.2882 on Partial Conversion of US$2.3M Convertible Debenture

Argentex Mining Corporation ("Argentex" or the "Company") (TSX
VENTURE:ATX)(OTCQB:AGXMF) is pleased to announce that on August 15, 2013, it
converted US$550,000 of the outstanding principal amount of the US$2.3 million
convertible debenture held by Austral Gold Argentina S.A. In the partial
conversion, which was effected on August 15, 2013 at a conversion price of U.S.
$0.274163 (CDN$0.2882) per Unit, Argentex issued 2,006,107 common shares and
1,003,054 warrants. Each whole warrant entitles the holder to purchase one
additional common share at an exercise price of CDN$0.40 until July 2, 2018.


Details about the Convertible Debenture and the private placement in which it
was issued were previously disclosed in a press release dated July 3, 2013.


After adjusting for this partial conversion, the principal balance remaining
under the Convertible Debenture of US$1,500,000 can be repaid only by conversion
into an additional 5,471,202 units.


None of the securities issued upon the partial conversion have been or will be
registered under the United States Securities Act of 1933, as amended (the
"Act"), and none of them may be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Act. These securities are "restricted securities" under the Act and are
subject to a hold period in the United States of at least six months from the
date issued. In addition, these securities are subject to a hold period under
applicable Canadian securities laws and the requirements of the TSX Venture
Exchange, which will expire on November 3, 2013. Subject to certain exceptions,
there are additional restrictions on transfer of these securities described in
an Investment Agreement between Argentex and Austral Gold Limited. The
Investment Agreement, together with all of the other material agreements related
to the July 2, 2013 financing, are available on SEDAR at www.sedar.com.


About Argentex

Argentex Mining Corporation is an exploration company focused on developing its
advanced Pinguino silver-gold project located in Santa Cruz, Patagonia,
Argentina. In total, Argentex owns 100% of 100,000+ hectares of highly
prospective land located in the Santa Cruz and Rio Negro provinces. Shares of
Argentex common stock trade under the symbol ATX on the TSX Venture Exchange and
under the symbol AGXMF on the OTCQB. 


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.


On behalf of Argentex Mining Corporation: 

Michael Brown, President and CEO

FOR FURTHER INFORMATION PLEASE CONTACT: 
Argentex Mining Corporation
Peter A. Ball
EVP Corporate Development
604-568-2496 (ext. 103) or 1-888-227-5285 (ext. 103)
604-568-1540 (FAX)
peter@argentexmining.com
www.argentexmining.com

Atex Resources (TSXV:ATX)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024