VANCOUVER, BRITISH COLUMBIA, Jun 16, 2011 (MARKETWIRE via COMTEX) — Argentum Silver Corp. (“Argentum” or the “Company”) /quotes/zigman/4040617 CA:ASL -18.00% announces that Mr. James Hutton has been appointed to the Board of Directors of the Company.
Mr. Hutton has spent his career in the financial services industry and has specialized in structured finance for resource companies for the past 25 years. Mr. Hutton is the President and Chief Executive Officer of Hutton Capital Corporation and Hutton Capital Management, companies engaged in investment banking. He also serves as the non-executive chairman of the boards of Terra Ventures, Novus Gold Inc and Batero Gold Corp.
Mr. Hutton has designed and executed in excess of $1,400,000,000 in flow-through share resource financings for companies in the Canadian energy and mining sectors between 1998 and 2006. He was the founder, President and Chief Executive Officer of the Canada Dominion Resources Group of companies, one of the largest and most successful flow-through share funds in Canada. During Mr. Hutton’s tenure, the Canada Dominion Resources Group completed in excess of $800,000,000 in financings, which subsequently focused their investments on mining and energy issuers actively exploring for resources in Canada before being acquired by the Dundee/Dynamic Mutual fund organization. Mr. Hutton was also the President and Chief Operating Officer of the CMP Resource Group from 2003 to 2005.
Warren McIntyre, President and CEO of Argentum, commented “I am very pleased that Mr. Hutton has committed to the Board of Argentum. Mr. Hutton will be a key contributor in the growth of the Company as we work to strategically align ourselves with mid-tier and major resource companies currently working in southern Mexico. I am confident Mr. Hutton’s experience and negotiating skills will prove to be invaluable to our future growth as we define significant silver and gold resources through aggressive exploration.”
To accommodate Mr. Hutton’s appointment, Mr. Jeff Sheremeta will be stepping down from the Board of Argentum, but will continue to act as the Company’s Corporate Secretary and Vice President. The Board would like to thank Mr. Sheremeta for his service on the Board and the audit committee.
About Argentum Silver
Argentum holds the right to acquire a 100% interest in the Lachiguiri, Silacayoapan and Nino Perdido properties, all located in Oaxaca, Mexico, under an option agreement with Arco Resources Corp. Argentum also has an option to earn a 100% interest from Soltoro Ltd. in the Victoria and Coyote silver-gold projects located in Jalisco, Mexico. For further information, please go to www.argentumsilvercorp.com .
On behalf of the Board of Directors of Argentum Silver Corp.
Warren McIntyre, President and Chief Executive Officer
Argentum Silver Corp.
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.
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.
Argentum Silver Corp.
Director of Investor Relations