ARGENTUM SILVER CORP. ("ASL")
BULLETIN TYPE: Property-Asset or Share Acquisition Agreement
BULLETIN DATE: January 7, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing an amalgamation agreement between Argentum Silver Corp. ("Argentum") and Norsemont II Resources Corp. ("Norsemont"), a private British Columbia company dated May 27, 2019 (the "Agreement"). Norsemont owns a 100% interest in the Cochavara Silver-Lead-Zinc Project (the "Cochavara Project") in Northern Peru. Pursuant to the terms of the Agreement, Argentum will acquire all the issued and outstanding securities of Norsemont in exchange for 2,777,778 common shares in the capital of Argentum. In addition, holders of convertible securities of Norsemont will receive 400,000 common share purchase warrants of Argentum, each warrant entitling the holder thereof to acquire a common share at an exercise price of $0.25 per common share on or before the date that is three years following the closing of the proposed transaction.
Insider / Pro Group Participation: Sprott Mining Corp., a company controlled by Eric Sprott, is a control person of both Argentum and Norsemont
For further information please refer to Argentum's news releases dated April 25, 2019 and May 28, 2019 which are available under Argentum's profile on SEDAR.
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