Argentum Silver Corp. (TSXV:ASL) entered into a non-binding letter of intent to acquire Norsemont II Resources Corp. for CAD 0.53 million on April 25, 2019. Subject to regulatory and all other necessary approvals, Argentum will acquire all the issued and outstanding securities of Norsemont in exchange for CAD 500,000 worth of common shares in the capital of Argentum at a price per share equal to the five-day volume-weighted average trading price of the Argentum shares prior to signing a definitive agreement with respect to the proposed acquisition. In addition, holders of convertible securities of Norsemont will receive replacement securities having similar economic terms. Argentum Silver Corp. (TSXV:ASL) signed a definitive agreement to acquire Norsemont II Resources Corp. on May 27, 2019. Subject to regulatory and all other necessary approvals, Argentum will acquire all the issued and outstanding securities of Norsemont in exchange for 2.777778 million common shares of Argentum. In addition, holders of convertible securities of Norsemont will receive 0.4 million common shares purchase warrants of Argentum. Following completion of the acquisition, Argentum will provide the ongoing management team for the Company and the shareholders of Norsemont will be entitled to have one nominee appointed to the board of directors of Argentum. Completion of the acquisition is subject to several conditions, including TSX Venture Exchange ("TSXV") final acceptance, completion of due diligence, entering into of a definitive acquisition agreement and approval of Norsemont II Resources Corp. shareholders. As on June 23, 2019, the transaction have been approved by Norsemont II Resources Corp shareholders. As of January 9, 2020, TSX Venture Exchange Inc. has accepted for filing the amalgamation agreement. There can be no assurance that the Transaction will be completed as proposed or at all. Argentum Silver Corp. (TSXV:ASL) completed the acquisition of Norsemont II Resources Corp. on January 15, 2020. As a result, 1208350 B.C. LTD., a wholly-owned subsidiary of Argentum amalgamated with Norsemont.