10:29 AM EDT, 07/25/2025 (MT Newswires) -- (Adds details on the upsizing, updates shares)

Argenta Silver (AGAG.V) on Friday said it increased the size of its previously announced "bought deal" private placement to gross proceeds of $13 million from $10 million.

Under the upsized underwritten offering, Red Cloud Securities, as sole underwriter and bookrunner, will purchase for resale 32.5 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 each 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.

The company's shares were last seen down 8.1% to $0.45 on the TSX Venture Exchange.

Price: 0.46, Change: -0.04, Percent Change: -7.14

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