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| | Business Summary: Argentex Mining Corporation, an exploration stage company, engages in the exploration and development of mining properties in Argentina. The company primarily focuses on its 100% owned polymetallic, Pinguino property in Santa Cruz province. | | | Address
1112 W Pender St Ste 602
Vancouver
, British Columbia V6E 2S1
Phone: 604-568-2496
Website: http://www.argentexmining.com
| | Auditor |
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Morgan & Company
| | Transfer Agent |
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Computershare Trust Company, N.A.
| | ShareHolders: 120 | Founded: 2001
Domicile: Delaware | | | |
| | Argentex Mining Corporation, an exploration stage company, engages in the exploration and development of mining properties in Argentina. The company primarily focuses on its 100% owned polymetallic, Pinguino property in Santa Cruz province. The property hosts both precious and base metals, including silver, zinc, lead, gold, and indium. Argentex owns 100% mineral rights to approximately 35 properties covering approximately 307,981 acres (124,636 hectares) in the Santa Cruz and Rio Negro provinces of Argentina. The company was formerly known as Delbrook Corporation and changed its name to Argentex Mining Corporation in March 2004. Argentex was founded in 2001 and is based in Vancouver, Canada. | | History: INCORPORATED in Delaware May 1, 2006; and on Nov. 5, 2007, merged its parent, a Nevada corporation of the same name. Former parent was incorporated in Nevada Dec. 21, 2001, as Delbrook Corp.; and effective Mar. 15, 2004, merged Argentex Mining Corp., a wholly owned subsidiary of the company organized in Nevada on Feb. 26, 2004, and adopted merged concern's title. | | | | Subsidiaries: |
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SCRN Properties Ltd.
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Management
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| Officers | Position |
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| Kenneth E. Hicks | Chairman, President, Secretary, Treasurer & Chief Executive Officer | | Valerie Helsing | Chief Financial Officer & Chief Accounting Officer |
| | Directors |
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| Patrick Downey | | Colin I. Godwin | | Stephen Hanson | | Jenna Hardy | | Kenneth E. Hicks | | Richard A. Thibault | | | |
| | | | Capitalization as of 01/31/2010: | | | | | Authorized Shares | Outstanding Shares |
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| Common $0.001 par | 100,000,000 | 43,921,754 | | Preferred $0.001 par | 100,000,000 | None |
| | | | LONG TERM DEBT: None. | | | | Common $0.001 par | | | |
Stockholders:
04/14/2010,
120.
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Transfer Agent: Computershare Trust Company, N.A.
Golden
, CO | | | | OTC Bulletin Board( Primary): AGXM | | | | | | TSX Venture Exchange( Secondary): | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2009 | 1.0100 | 0.1900 | | OTC Bulletin Board | 2008 | 1.8300 | 0.0700 | | OTC Bulletin Board | 2007 | 1.6000 | 0.9800 | | OTC Bulletin Board | 2006 | 1.8100 | 0.3700 | | OTC Bulletin Board | 2005 | 0.7400 | 0.1650 | | OTC Bulletin Board | 2004 | 1.6600 | 0.5300 |
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| | | | DIVIDENDS: Common $0.001 par: No cash.
Common split 3-for-1, Mar. 17, 2004. | | | | | |
| | Annual Report |
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| | | Income Statement | |
| 2010 | 2009 |
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| EXPENSES |
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| | Mineral Property Acquisition and Exploration Expenditures | (885,639) | (3,123,497) | | Rent | (27,410) | (28,874) | | Professional Fees | (437,983) | (384,807) | | Consulting Fees | (843,531) | (383,169) | | Office and Sundry | (96,452) | (252,764) | | Travel | (42,728) | (54,820) | | Depreciation | (9,660) | (8,809) | | Interest Income/expense | (13,972) | 3,359 | | Currency Translation Gain(Loss) | (14,791) | (119,527) | | Transfer Agent and Filing Fees | (77,501) | (49,509) | | Investor Relations & Communications | (208,629) | (125,418) | | Net Income (Loss) | (2,658,296) | (4,527,835) | | SUPPLEMENTARY INFO |
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| | Net loss per share - basic and diluted | (0.07) | (0.15) |
| | | | Balance Sheet | |
| 2010 | 2009 |
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| ASSETS: |
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| | CURRENT ASSETS |
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| | Cash and Cash Equivalents | 3,209,786 | 108,560 | | Receivables | 497 | 3,679 | | Prepaid Expenses | 109,359 | 16,007 | | Total Current Assets | 3,319,642 | 128,246 | | NON CURRENT ASSETS |
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| | Property and Equipment | 52,534 | 36,845 | | Total Assets | 3,372,176 | 165,091 | | LIABILITIES: |
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| | CURRENT LIABILITIES |
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| | Accounts Payable and Accrued Liabilities | 405,622 | 115,648 | | Promissory Notes | - | 150,000 | | Convertible Debentures | - | 100,682 | | Due to related parties | 36,318 | - | | Total Current Liabilities | 441,940 | 366,330 | | SHAREHOLDERS' EQUITY |
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| | Common Stock-par Value | 43,922 | 32,591 | | Additional Paid in Capital | 19,756,476 | 14,093,311 | | Deficit Accumulated during Exploration Stage | (17,078,930) | (14,420,634) | | Warrants | 238,981 | 93,493 | | Accumulated other comprehensive loss | (30,213) | - | | Total Shareholders Equity | 2,930,236 | (201,239) | | Total Liabilities & Shareholders Equity | 3,372,176 | 165,091 |
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| | Interim Report
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| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | Nil | | 2010 |
2 | Nil | | 2010 |
3 | Nil | | 2010 |
Full Year
| Nil | | 2009 |
1 | Nil | | 2009 |
2 | Nil | | 2009 |
3 | Nil | | 2009 |
4 | Nil | | 2009 |
Full Year
| Nil | | 2008 |
1 | Nil | | 2008 |
2 | Nil | | 2008 |
3 | Nil | | 2008 |
4 | Nil | | 2008 |
Full Year
| Nil | | 2007 |
1 | Nil | | 2007 |
2 | Nil | | 2007 |
3 | Nil | | 2007 |
Full Year
| Nil | | 2006 |
1 | Nil | | 2006 |
2 | Nil | | 2006 |
3 | Nil | | 2006 |
Full Year
| Nil |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | (1,340,000) | | 2010 |
Full Year
| (2,660,000) | | 2009 |
1 | (410,000) | | 2009 |
2 | (490,000) | | 2009 |
3 | (580,000) | | 2009 |
4 | (1,180,000) | | 2009 |
Full Year
| (4,530,000) | | 2008 |
1 | (2,880,000) | | 2008 |
2 | (940,000) | | 2008 |
3 | (390,000) | | 2008 |
4 | (330,000) | | 2008 |
Full Year
| (3,690,000) | | 2007 |
1 | (1,010,000) | | 2007 |
2 | (900,000) | | 2007 |
3 | (310,000) | | 2007 |
4 | (1,460,000) | | 2007 |
Full Year
| (2,331,500) | | 2006 |
1 | (520,000) | | 2006 |
2 | (610,000) | | 2006 |
3 | (270,000) | | 2006 |
Full Year
| (1,478,300) |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2011 |
1 | (.03) | | 2010 |
1 | (.01) | | 2010 |
2 | (.01) | | 2010 |
3 | (.02) | | 2010 |
4 | (.03) | | 2010 |
Full Year
| (.07) | | 2009 |
1 | (.10) | | 2009 |
2 | (.03) | | 2009 |
3 | (.01) | | 2009 |
4 | (.01) | | 2009 |
Full Year
| (.15) | | 2008 |
1 | (.05) | | 2008 |
2 | (.03) | | 2008 |
3 | (.01) | | 2008 |
4 | (.06) | | 2008 |
Full Year
| (.15) | | 2007 |
1 | (.03) | | 2007 |
2 | (.03) | | 2007 |
3 | (.01) | | 2007 |
4 | (.05) | | 2007 |
Full Year
| (.12) | | 2006 |
1 | (.02) | | 2006 |
2 | (.02) | | 2006 |
3 | (.01) | | 2006 |
4 | (.02) | | 2006 |
Full Year
| (.07) |
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