These days, the performance of Argentex Mng Corp (CVE:ATX), (OTC:AGXM) stock presents increased buyers’ presence during the trading sessions. Yesterday, the company’s shares noted a consolidation of their power.On the TSX Venture Exchange, ATX closed at $0.85, adding 13.3% in value between the sessions. The tripled volume traded resulted from the bold bullish mood of investors.
On the American OTCQB market, AGXM was one of the favorite investor picks for the day. AGXM soared 6.76%, also on a heavy volume.
Formally, the most significant in the company’s history private placement was finalized.
Yesterday, the International Finance Corporation (IFC) filled with the SEC to have acquired beneficial ownership of 19.9% of the company’s shares.
At the end of September, days after reporting the highest-grade silver mineralization ever discovered on its Pinguino property in Argentina, Argentex Mining Corporation released more good news.[BANNER]
ATX signed a definitive agreement with the IFC, a member of the World Bank Group., according to which IFC agreed to invest in ATX through a private placement for gross proceeds of C$ 7,347,200. The company planed to use the funds raised in this private placement for the further development of its Pinguino project.
Argentex Mining Corporation owns 100% mineral rights for its 24 Santa Cruz properties, including Pinguino. The properties were acquired in 2004 and are situated in southern Argentina, approximately 1,050 miles (1,700 kilometers) from the capital Buenos Aires.
