Oct 31, 2012
Argentum Engages T2W Market Liquidity Inc.
October 31, 2012: Vancouver, B.C.: Argentum Silver Corp. (TSX-V: ASL) announces it has engaged T2W Market Liquidity Inc. ("T2W") to provide market liquidity services for its common shares listed on the TSX Venture Exchange. The term of the engagement is for a minimum of 12 months and is renewable thereafter on a month-to-month basis. T2W is a Dundas-based private company which has been in the business of providing market liquidity services to listed issuers since 2009. Harold Hoff, the principal of T2W, previously had over 10 years experience as a pro trader and market maker for a major bank owned investment dealer.
In consideration of the services to be provided, the Company will pay T2W a monthly flat fee of $2,500 (plus applicable taxes) for a minimum of one year. T2W's remuneration is in no way contingent upon the market price or trading volume of the common shares of Argentum on the TSX-V.
The market liquidity services to be provided include:
1. Maintaining a consistent and reasonable bid and offer spread for the common shares of Argentum;
2. Maintaining a reasonable board lot size for the bid and offer; and
3. Maintaining reasonable open orders at depth behind the best bid and offer.
T2W is entirely independent of Argentum and will at all times be trading as principal for its own account and using its own capital. T2W will use its knowledge and discretion in providing these services, and no assurance has been made as to any particular effect or result regarding the market for the Company's common shares. T2W has covenanted to operate in accordance with best trading practices at all times.
About Argentum Silver
Argentum has earned a 100% interest in the Coyote silver-gold project and Victoria property located in Jalisco, Mexico. Argentum also owns a 100% interest in the Lachiguiri and Silacayoapan properties, all located in Oaxaca, Mexico.
On behalf of the Board of Directors of Argentum Silver Corp.
President and Chief Executive Officer
Argentum Silver Corp.
For further information:
Ian Tootill, Director of Investor Relations
Neither 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.
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Argentum relies upon litigation protection for forward-looking statements.