10:38 AM EDT, 08/01/2025 (MT Newswires) -- Argenta Silver ( AGAGF ) was edging up Friday, in comparison to big losses for the broader market, after saying Eduardo Elsztain has elected to exercise his pro-rata equity participation rights after the company last week announced a $13 million bought deal private placement of shares, that included plans for Elsztain's C$5 million strategic investment.

A statement noted an entity controlled by Elsztain will invest in Argenta on the same pricing and terms as the placement and purchase 6.25 million units at $0.40 apiece for a total C$2.5 million. Each unit consists of one common share and and one-half of one transferable common share purchase warrant. Each whole warrant entitles the holder to purchase one common 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.

Proceeds from the pro rata investment will be used to advance Argenta's El Quevar Project in Salta Province, Argentina.

Joaquin Marias, Chief Executive Officer, said, "This significant commitment reflects their confidence in our vision and the immense potential of our El Quevar project."

Argenta shares are up $0.01, to $0.44, on the TSX Venture Exchange.

Price: 0.45, Change: +0.02, Percent Change: +3.49