- Argentum Silver Corp. (ASL) has agreed to sell its 80 per cent right, title, and interest in the Vanadium Ridge Property to Imbue Capital
- Argentum received $200,000 in cash and $400,000 in stock
- Imbue paid $50,000 in cash and has issued 78,125 shares of Ares Mining to Argentum. Ares Mining holds a 20 per cent interest in the Vanadium Ridge Property
- Argentum Silver Corp. is a publicly traded junior mineral exploration company
- Argentum Silver Corp. (ASL) is up 12.5 per cent, trading at C$0.225 per share at 4 pm ET
Argentum Silver Corp (ASL) has sold its 80 per cent interest in the Vanadium Ridge Property to Imbue Capital.
Argentum received $200,000 in cash and $400,000 in stock.
Shortly after signing the agreement, Imbue paid $50,000 in cash and has issued 78,125 shares of Ares Mining to Argentum.
Ares Strategic Mining (ex-Lithium Energy Products) is the 20 per cent interest holder of the Property. The transaction remains subject to the approval of the TSX Venture Exchange. Shares issued under this agreement will be subject to a four-month hold period from the date of issuance.
Argentum Silver Corp. is a publicly-traded junior mineral exploration company.
Through its wholly-owned subsidiary, Norsemont II Resources SAC, Argentum controls the Cochavara Project consisting of six silver-lead-zinc mining concessions totalling 3,479 hectares in La Libertad, Northern Peru.
The mining concessions host several mineralized structures with the main mineralized zone (Margarita Mine) covering an estimated strike length of 1,500 metres. The project area is located 3.5 kilometres southwest of the historical Quiruvilca silver-lead-zinc mine deposit, a large polymetallic vein system with over 130 different mineralized structures.
Argentum Silver Corp. (ASL) is up 12.5 per cent, trading at C$0.225 per share at 4 pm ET.