Jul 04, 2017
Argentum Enters Into Definitive Option Agreement To Acquire Interest In Butt Township Property
TORONTO, ON -- July 4, 2017 -- Argentum Silver Corp. (the "Company") (TSXV: ASL) is pleased to announce that it has entered into an option agreement (the "Option Agreement") with Griftco Corporation (the "Optionor") pursuant to which the Company has been granted the right to earn a 100% interest in 10 unpatented mining claims located in Butt Township, Ontario (the "Property").
Pursuant to the terms of the Option Agreement, the Company can earn a 100% interest in the Property in exchange for:
The transaction remains subject to approval of the TSX Venture Exchange and the Common Shares issuable thereunder will be subject to a statutory hold period of four months and one day from the date of issuance.
For further information, please visit www.argentumsilvercorp.com or contact:
President & CEO
Forward Looking Statements
This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
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.