Argentum Silver Corp. (TSXV:ASL) announced the closing of the first tranche of the company’s non-brokered private placement.

The press release is quoted as saying:

The units each consist of one common share and one-half of one share purchase warrant. Each whole warrant (the “Warrants”) will be exercisable for one additional common share at a price of $0.50 until May 20, 2012.

Click here to read the entire press release.