Transactions
Farris Represents Argenta Silver Corp. on Acquisition of El Quevar Silver Project
Farris is pleased to have represented Argenta Silver Corp. (“Argenta”) on its successful acquisition of the El Quevar silver project, located in Salta province, Argentina. The El Quevar silver project is distinguished by its high-grade pure silver mineral resource and substantial existing infrastructure, with over 100,000 meters of historical drilling, excellent international road access, more than 60 kilometers of internal roads, a fully operational camp for 100 workers, existing permits, and access to power and transport networks. The El Quevar acquisition marks a significant milestone for Argenta, positioning Argenta as a rising force in silver’s future.
In connection with the El Quevar acquisition, Argenta completed a non-brokered private placement of 101,801,536 common shares at a price of CAD$0.15 per share, raising gross proceeds of CAD$15,270,230. Notably, Mr. Frank Giustra participated in the financing and now owns or controls approximately 13.62% of Argenta on an undiluted basis, underscoring a strong endorsement of Argenta’s strategic direction and the potential of the El Quevar silver project.
Argenta was represented by a Farris transaction team led by Peter M. Roth (Securities and M&A) and including Jeff Scheffel (Securities and M&A) and Vanessa Locke (Articling Student). Farris is also pleased to have again worked alongside Fiore Management & Advisory Corp., led by Mr. Gordon Keep, who acted as Argenta’s exclusive advisor in the transaction.
For more information, see Argenta’s news release here.