08:45 AM EDT, 07/25/2025 (MT Newswires) -- Argenta Silver (AGAG.V), trading shy of 52 week highs, after markets closed on Thursday said it will raise $10 million through a bought deal private placement.

The company entered into an agreement with Red Cloud Securities Inc., as sole underwriter and bookrunner, that will see Red Cloud buy for resale 25 million units of the company at $0.40 each.

Each unit will be made up of one share of the company and one-half of one transferable common share purchase warrant. Each whole warrant will allow the holder to buy one share at $0.60 at any time up to 36 months after the closing date.

The company said it will grant Red Cloud an option, exercisable up to 48 hours prior to the closing date, to purchase for resale up to an additional 5 million units at $0.40 for additional gross proceeds of up to approximately $2 million.

The company plans to use the net proceeds from the offering for the exploration and advancement of its 100% owned El Quevar Project in Salta Province, Argentina as well as for working capital and general corporate purposes.

The offering is scheduled to close on or about August 12, subject to certain conditions.

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