Markets

Argentex Mining Announces $5 Mln Strategic Investment From Austral Gold

Argentex Mining Corporation (ATX.V) said Austral Gold Limited has agreed that it, or one of its affiliates, will purchase in a private placement 17,347,866 units of the company at a price of $0.2882 per unit for gross proceeds of $5 million.

Each unit will consist of one Argentex common share and one-half of one share purchase warrant. And each unit warrant will entitle the holder to purchase one additional Argentex common share at an exercise price of $0.40 for a period of 60 months from closing.

ATX has jumped 33% to 20 cents, trading near 52-week low 14 cents.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

MTNewswires

Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

Learn More