Except as specified in this press release, none of the securities to be offered or sold in this private placement have been or will be registered under the United States Securities Act of 1933, as amended (the "Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act. The securities offered and sold in this private placement are "restricted securities" under the Act and will be subject to a hold period in the United States of at least six months from the date issued. In addition, these securities are subject to a hold period of four months and one day after closing under applicable Canadian securities laws and the requirements of the TSX Venture Exchange. Subject to certain exceptions, there are additional restrictions on transfer of these securities described in the Investment Agreement. The agreements related to the financing are available on SEDAR at www.sedar.com.
No finder's fees or commissions were paid by Argentex in relation to the financing.
About Austral Gold
Austral Gold Limited is an Australian-based mining and exploration company focused on Latin America. Through its Chilean subsidiary, Guanaco Compania Minera, it owns the Guanaco gold and silver mine in Chile, which produced 28,000 oz gold in calendar 2012. Austral Gold has further exploration areas in Patagonia, Argentina, as well as some royalty rights relating to an exploration project in the province of San Juan. Austral Gold Limited was listed on the Australian Stock Exchange (ASX: AGD) in April 1997 to develop gold interests both in Australia and overseas.
Argentex Mining Corporation is an exploration company focused on developing its advanced Pinguino silver-gold project located in Santa Cruz, Patagonia, Argentina. In total, Argentex owns 100% of 100,000+ hectares of highly prospective land located in the Santa Cruz and Rio Negro provinces. Shares of Argentex common stock trade under the symbol ATX on the TSX Venture Exchange and under the symbol AGXMF on the OTCQB.
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.
On behalf of Argentex Mining Corporation:
Michael Brown, President and CEO
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements in this news release include the schedule for conversion of the convertible debenture, the percentage of ownership by IFC and Austral Gold after conversion and the Company's anticipation that the two teams can work together to develop the Argentex projects in South America. Actual results may differ materially from those currently anticipated due to a number of factors beyond the Company's control. These risks and uncertainties include, among other things, the availability of the Company's consultants and risks that are inherent in Argentex's operations including the risks that the Company may not find any minerals in commercially feasible quantity or raise enough money to fund its exploration plans. These and other risks are described in the Company's Annual Information Form and other public disclosure documents filed on the SEDAR website maintained by the Canadian Securities Administrators and the EDGAR website maintained by the Securities and Exchange Commission.
Argentex Mining Corporation
Peter A. Ball
EVP Corporate Development
604-568-2496 (ext. 103) or 1-888-227-5285 (ext. 103)
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