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Cision Canada
12-08-2025
- Business
- Cision Canada
Argenta Silver Announces Closing of Additional Investment of C$2.5 Million
TSX-V:AGAG VANCOUVER, BC, Aug. 12, 2025 /CNW/ - Argenta Silver Corp. (TSXV: AGAG) (FSE: T1K) (" Argenta" or the " Company") is pleased to announce the closing of its previously announced investment of C$2,500,000 by Tyrus S.A., an affiliate of Mr. Eduardo Elsztain, on the same terms as its previously announced "bought deal" private placement (the " Offering"), and pursuant to an investor rights agreement dated April 28, 2025 (the " Pro Rata Investment"). Under the Pro Rata Investment, an entity controlled by Mr. Elsztain acquired 6,250,000 units of the Company (the " Elszstain Units") at the Offering Price, separate and apart from the Offering. Each Elsztain Unit consists of one common share of the Company (each, a " Common Share") and one-half of one transferable common share purchase warrant (each whole warrant, a " Warrant"). Each whole Warrant entitles the holder to purchase one Common Share (each, a " Warrant Share") at a price of C$0.60 at any time on or before August 12, 2028. The Company intends to use the net proceeds from the Pro Rata Investment for the exploration and advancement of the Company's 100% owned El Quevar Project in Salta Province, Argentina as well as for working capital and general corporate purposes. The closing of the Pro Rata Investment remains subject to the final approval of the TSX Venture Exchange (the " TSX-V"). The securities issued pursuant to the Pro Rata Investment are subject to a hold period in accordance with applicable Canadian securities law, expiring four months and one day following the issue date, being December 13, 2025. Early Warning As disclosed in the Company's news releases dated March 13 and May 2, 2025, IFIS Ltd., an entity controlled by Mr. Elsztain, initially completed a strategic investment in the Company subscribing for 25,000,000 Common Shares and 5,200,000 purchase warrants exercisable at C$0.26 for a period of 5 years from the date of issue, for total gross proceeds of $5,000,000 (the " Initial Strategic Investment"). Following the Initial Strategic Investment, Mr. Elsztain, through such affiliate, owned and/or controlled indirectly, approximately 12.69% of the total issued and outstanding Common Shares and 14.94% on a partially diluted, and while immediately following the closing of the Offering and Pro Rata Investment, Mr. Elsztain, through IFIS Ltd. and Tyrus S.A., owned and/or controlled directly or indirectly 31,250,000 Common Shares, and 8,325,000 warrants to purchase Common Shares, representing 12.57% of the outstanding Common Shares and 15.40% on a partially diluted basis. The Company is advised that such affiliates, controlled directly or indirectly by Mr. Elsztain (i) acquired the above mentioned securities for investment purposes, (ii) intend on reviewing investments in the Company's securities on a continuing basis and such holdings may be increased or decreased in the future, the whole in the context of the Investor Rights Agreement, and (iii) may in the future acquire or dispose of Common Shares through the open market, privately or otherwise, as circumstances or market conditions dictate. A copy of the Early Warning Report filed by Mr. Elsztain may be obtained from the Company's SEDAR profile. The purchase of the 6,250,000 Elsztain Units constitutes a "related party transaction" for the purposes of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101"). The Company is exempt from the requirements to obtain a formal valuation or minority shareholder approval in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the securities issued to the Insiders nor the fair market value of the consideration for the securities issued to the Insiders exceeds 25% of the Company's market capitalization as calculated in accordance with MI 61-101. The Company did not file a material change report containing all of the disclosure required by MI 61-101 more than 21 days before the expected closing date of the offerings as the aforementioned insider participation had not been confirmed at that time and the Company wished to close the offerings as expeditiously as possible. About the El Quevar Project The El Quevar Project is located in Salta, Argentina and spans an area of 57,000 hectares. The property remains underexplored with less than 3% of the area covered with comprehensive exploration work. The property boasts exceptional infrastructure with over 60 km of internal roads, a fully owned, fully operational camp for 100 workers with multiple support buildings, and a railroad, gas pipeline and service road just 3 km from camp, while a high–voltage transmission line lies approximately 20 km from the exploration area. The robust infrastructure associated with the project provides a cost-effective platform to de–risk and accelerate future drilling and development. The foundational Mineral Resource Estimate of the Yaxtché deposit boasts an indicated mineral resource of 45.3 million ounces of silver from 2.93 million tonnes grading 482 g/t Ag, and an inferred resource of 4.1 million ounces from 0.31 million tonnes grading 417 g/t Ag (1). The mineral resource area remains open at depth and in multiple directions, particularly to the southeast and northwest. One of the objectives of the ongoing 2025 Winter Drilling Program is to specifically target and expand these high-grade Yaxtché zones. The mineralization at the Yaxtché deposit is defined as a silver rich, high to intermediate-sulphidation epithermal system with associated gold. Mineralization is controlled by NW-SE and NE-SW fault structures and is mainly hosted in brecciated zones and dacite domes. Silver minerals at Yaxtché consist of complex silver sulphides, sulphosalts and native silver. These minerals are found within silicified breccias, commonly appearing as veinlets, stockworks, disseminations, and breccia fillings. Qualified Person Rob van Egmond, a "qualified person" as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release. Rob van Egmond, has visited the El Quevar Project and is not independent of the Company. (1) Refer to NI43-101 technical report with effective date of September 30, 2024, titled "NI 43-101 Technical Report on the Mineral Resource Estimate of the El Quevar Project Salta Province, Argentina", posted on under Argenta Silver Corp. About Argenta Silver Corp. Argenta Silver Corp. is a silver exploration company committed to (or- "focused on") advancing projects that support the global energy transition. Our mission is to create sustainable, long-term value for shareholders by acquiring and developing high-potential silver assets in mining-friendly jurisdictions across Latin America. Led by an experienced management team with deep expertise in exploration, finance, and project development, Argenta emphasizes responsible mining practices and is well-positioned to meet the rising demand for silver — a critical metal in renewable energy and emerging technologies. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act"); or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. On behalf of Argenta Silver Corp. "Joaquín Marias" President and Chief Executive Officer Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward Looking Information Certain statements and information herein contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Forward looking information in this news release includes, but is not limited to, the intended use of proceeds of the Pro Rata Investment and the final approval of the Pro Rata Investment by the TSX-V. Although management of the Company believe that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These risk factors include, but are not limited to: exploration and development of the El Quevar project may not result in any commercially successful outcome for the Company; risks associated with the business of the Company; business and economic conditions in the mining industry generally; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting mining concessions); and other risk factors as detailed from time to time. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Cision Canada
01-08-2025
- Business
- Cision Canada
Eduardo Elsztain Increases Strategic Investment in Argenta Through C$2.5 Million Private Placement
TSX-V:AGAG VANCOUVER, BC, Aug. 1, 2025 /CNW/ - Argenta Silver Corp. (TSXV: AGAG) (OTCQB: AGAGF) (FSE: T1K) ("Argenta" or the "Company") further to its press release of May 2, 2025 announcing a C$5 million strategic investment (the " Initial Investment") by Eduardo Elsztain, the Company is pleased to announce that Mr. Elsztain has elected to exercise his pro-rata equity participation rights (the " Pro Rata Rights") under an Investor Rights Agreement, which was entered into with the Company concurrently with the Initial Investment. The Pro Rata Rights are being exercised following the announcement by the Company of a bought deal private placement financing on July 24, 2025 and July 25, 2025 (the " Private Placement"). An entity controlled by Mr. Elsztain will invest in Argenta on the same pricing and terms as the Private Placement and purchase 6,250,000 units (the " Units") at $0.40 per Unit for a total investment of C$2,500,000 (the " Pro Rata Investment"), separate and apart from the Private Placement. Each Unit consists of one common share of the Company (each, a " Common Share") and one-half of one transferable common share purchase warrant (each whole warrant, a " Warrant"). Each whole Warrant entitles the holder to purchase one Common Share (each, a " Warrant Share") at a price of C$0.60 at any time on or before that date which is 36 months after closing of the Pro Rata Investment. Joaquin Marias, Chief Executive Officer of Argenta stated, "We are very pleased that Mr. Elsztain's group has elected to increase their strategic investment in Argenta. This significant commitment reflects their confidence in our vision and the immense potential of our El Quevar project." The Company intends to use the net proceeds from the Pro Rata Investment for the exploration and advancement of the Company's 100% owned El Quevar Project in Salta Province, Argentina as well as for working capital and general corporate purposes. The Pro Rata Investment is expected to close concurrently or shortly after the Private Placement on or about August 12, 2025. Securities issued pursuant to the Pro Rata Investment will be subject to a four month and one day hold period in accordance with applicable Canadian securities laws and are subject to final acceptance of the TSX Venture Exchange. ABOUT ARGENTA SILVER CORP. Argenta Silver Corp. is a focused silver exploration company committed to advancing projects that support the global energy transition. Our mission is to create sustainable, long-term value for shareholders by acquiring and developing high-potential silver assets in mining-friendly jurisdictions across Latin America. Led by an experienced management team with deep expertise in exploration, finance, and project development, Argenta takes a disciplined, strategic approach to growth. With a strong emphasis on responsible mining practices, we are well-positioned to meet the rising demand for silver—a critical metal in renewable energy and emerging technologies—while building a lasting and successful company. On behalf of Argenta Silver Corp. "Joaquín Marias" President and Chief Executive Officer Neither the TSX-V nor its regulation services provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release. Forward Looking Information Certain statements and information herein contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Forward looking information in this news release includes, but is not limited to: the structure and terms of the Pro Rata Investment, the anticipated closing date of the Pro Rata Investment, the intended use of proceeds of the Pro Rata Investment, and the approval of the Pro Rata Investment by the TSX-V. Although management of the Company believe that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These risk factors include, but are not limited to: the Pro Rata Investment may not close as currently contemplated, or at all; exploration and development of the El Quevar project may not result in any commercially successful outcome for the Company; risks associated with the business of the Company; business and economic conditions in the mining industry generally; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting mining concessions); and other risk factors as detailed from time to time. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. SOURCE Argenta Silver Corp.
Business Wire
17-06-2025
- Business
- Business Wire
ADWEEK and ProRata Bring AI-Powered Answers to ADWEEK.com
LOS ANGELES & NEW YORK--(BUSINESS WIRE)-- ('ProRata'), creator of the AI-powered Gist Answers platform, and ADWEEK, a leading voice in advertising, marketing, and media, today announced the integration of Gist Answers across ADWEEK's digital properties, including and the Cannes Lions Digital Companion. Through this partnership, ADWEEK will offer readers AI-powered search, article summaries, and context-aware answers—all designed to enhance engagement and surface authoritative insights. Exciting partnership! @ProRataAI has teamed up with @Adweek to integrate Gist Answers AI platform, bringing readers powerful search capabilities, intelligent summaries, and context-aware insights. #canneslions #Gistai Share 'As the front page and home page of the marketing, advertising and media industry, we're excited to be the first to offer this enhanced AI experience to our audience,' said Will Lee, CEO of ADWEEK. 'With Gist Answers, we can combine our award-winning journalism with trusted external sources to deliver deeper context and smarter discovery in response to user questions.' Gist Answers is purpose-built for publishers, enabling them to deploy a branded 'AI companion' on their sites. It enriches a publisher's proprietary content with fully-licensed, high-quality material from hundreds of trusted publications, delivering relevant, reliable information while keeping the spotlight on the publisher's original reporting. The platform is fully ad-supported and available to publishers at no cost. 'Publishers shouldn't have to choose between reach and control,' said Annelies Jansen, Chief Business Officer at 'Gist Answers lets them enhance their own content with AI-powered tools—without sacrificing editorial integrity or losing readers to search engines that don't credit the source.' This collaboration addresses the growing demand for ethical, trustworthy generative AI while giving publishers a powerful tool to retain audiences, increase engagement, and build trust through credible, AI-enhanced experiences. About ADWEEK ADWEEK is the leading source of news, insight and intelligence powering and empowering advertising, marketing, and growth. For more than 45 years, ADWEEK's award-winning coverage reaches an engaged community across digital, events, podcasts, newsletters, print, and social media. As a touchstone of the advertising and marketing community, ADWEEK is an unparalleled resource for leaders across multiple industries who rely on its content to give them a competitive advantage. About Founded in 2024 by Bill Gross, ProRata develops ethical AI solutions that ensure content owners are credited and compensated for the use of their work. The company's leadership includes former executives and engineers from Microsoft, Google, and Meta. ProRata is backed by, among others, Mayfield Fund, Revolution Ventures, Prime Movers Lab, dmg media, BOLD Capital, XPV-Exponential Ventures, Calibrate Ventures, MVP Ventures, and Idealab Studio. Learn more at
Yahoo
17-06-2025
- Business
- Yahoo
ADWEEK and ProRata Bring AI-Powered Answers to ADWEEK.com
LOS ANGELES & NEW YORK, June 17, 2025--(BUSINESS WIRE)-- ("ProRata"), creator of the AI-powered Gist Answers platform, and ADWEEK, a leading voice in advertising, marketing, and media, today announced the integration of Gist Answers across ADWEEK's digital properties, including and the Cannes Lions Digital Companion. Through this partnership, ADWEEK will offer readers AI-powered search, article summaries, and context-aware answers—all designed to enhance engagement and surface authoritative insights. "As the front page and home page of the marketing, advertising and media industry, we're excited to be the first to offer this enhanced AI experience to our audience," said Will Lee, CEO of ADWEEK. "With Gist Answers, we can combine our award-winning journalism with trusted external sources to deliver deeper context and smarter discovery in response to user questions." Gist Answers is purpose-built for publishers, enabling them to deploy a branded "AI companion" on their sites. It enriches a publisher's proprietary content with fully-licensed, high-quality material from hundreds of trusted publications, delivering relevant, reliable information while keeping the spotlight on the publisher's original reporting. The platform is fully ad-supported and available to publishers at no cost. "Publishers shouldn't have to choose between reach and control," said Annelies Jansen, Chief Business Officer at "Gist Answers lets them enhance their own content with AI-powered tools—without sacrificing editorial integrity or losing readers to search engines that don't credit the source." This collaboration addresses the growing demand for ethical, trustworthy generative AI while giving publishers a powerful tool to retain audiences, increase engagement, and build trust through credible, AI-enhanced experiences. About ADWEEK ADWEEK is the leading source of news, insight and intelligence powering and empowering advertising, marketing, and growth. For more than 45 years, ADWEEK's award-winning coverage reaches an engaged community across digital, events, podcasts, newsletters, print, and social media. As a touchstone of the advertising and marketing community, ADWEEK is an unparalleled resource for leaders across multiple industries who rely on its content to give them a competitive advantage. About Founded in 2024 by Bill Gross, ProRata develops ethical AI solutions that ensure content owners are credited and compensated for the use of their work. The company's leadership includes former executives and engineers from Microsoft, Google, and Meta. ProRata is backed by, among others, Mayfield Fund, Revolution Ventures, Prime Movers Lab, dmg media, BOLD Capital, XPV-Exponential Ventures, Calibrate Ventures, MVP Ventures, and Idealab Studio. Learn more at View source version on Contacts Media contacts: ADWEEK Julie Farinjulie@ David Shanemedia@
Business Wire
06-06-2025
- Business
- Business Wire
ProRata AI Signs Partnerships With More Than 500 Publications, Giving Gist.ai One of the Largest Licensed Content Libraries in Generative AI Search
LOS ANGELES--(BUSINESS WIRE)--ProRataAI Inc. ('ProRata') – developer of the first AI search engine built entirely on licensed content and committed to sharing revenue with publishing partners, has reached a significant milestone: more than 500 licensed publications now power answers. Recent content signings include Fast Company, Boston Globe Media, New York Magazine, Frommer's, Reader's Digest, The Nation, Newsday, The New Republic, The Philadelphia Inquirer, and Future, owner of specialist media sites such as Tom's Guide, Who What Wear, and Homes & Gardens. by @Prorata_ai now powers answers with content from 500+ licensed publishers—like The Boston Globe, Fast Company, and Vox—sharing revenue with creators and setting a new standard for ethical, reliable AI search. Share 'Publishers everywhere are rallying behind ProRata because we prove that generative AI can both honor creators and deliver an outstanding user experience,' said Bill Gross, CEO of ProRata. ' answers every query using 100 percent licensed content so consumers get authoritative, accurate answers and publishers share in the value their important journalism creates – all made possible by our state-of-the-art attribution technologies.' ProRata's patent pending attribution systems analyze AI output, measure the value of contributing content from contributing sources, and calculate proportional compensation. The company uses a proprietary algorithmic approach to score and determine attribution, enabling copyright holders to share in the upside of generative AI by being credited and compensated for their material on a per-use basis – turning AI from a threat into a new revenue stream. 'AI driven search does not have to be based on theft; publishers can, and should, be compensated for the use of their copyrighted material,' said Pauline Frommer, co-president of Frommer Media LLC. 'That's the radically ethical business model ProRata is pioneering, and why we at Frommer's, a company that has been at the forefront of travel journalism since 1957, are proud to partner with them.' Frommer added: 'No machine can sleep in a hotel bed to review a property, eat at a restaurant, or explore a new museum, amusement park, or monument. These tasks, and the writing that comes from them, will remain the work of human journalists, and compensation for that work is necessary for it to continue. ProRata provides a path forward for travel journalism, and, frankly, all journalism.' 'At Future, we're committed to growing the reach of our trusted brands by connecting global audiences with our high-quality, expert content,' said Andrew Min, VP, Global Partnerships & Licensing at Future. 'Our collaboration with allows us to distribute our specialist content across new and innovative platforms, helping more people find accurate information from sources they can trust.' Other recent additions to include Vox Media (parent company of New York Magazine, The Verge, Vox, and Eater), Spain's news agency EFE, Spanish-language publisher PRISA Media, publications from Johns Hopkins University Press, and local-news group Cherry Road Media, among others. Building on its content momentum, ProRata recently unveiled ProRata Ads, an advertising platform that maximizes the value of high-quality content by using large-language-model agents to place hyper-relevant ads inside AI answers and across digital content in real time. Early pilots on partner sites demonstrate sharp lifts in click-through rates and user engagement. About ProRata Founded in 2024 by Bill Gross, ProRata develops ethical AI solutions that ensure content owners are credited and compensated for the use of their work. The company's leadership includes former executives and engineers from Microsoft, Google, and Meta. ProRata is backed by, among others, Mayfield Fund, Revolution Ventures, Prime Movers Lab, dmg media, BOLD Capital, XPV-Exponential Ventures, Calibrate Ventures, MVP Ventures, and Idealab Studio. More information is available at
