Argentex filed a prospectus of a shares offering, total at nearly 3 millions shares (insiders and institutions). That's a whole lot of shares that haven't filled yet. I was wondering what was up w/ the SP when #silver has been holding on to gains.


Filed pursuant to Rule 424(b)(3)
Registration No. 333-164393
Prospectus
2,980,407 Shares
Argentex Mining Corporation
Common Stock
_________________________________
The selling stockholders identified in this prospectus may offer and sell up to 2,980,407 shares of our common stock that were issued or may be issued upon exercise of warrants. The warrants were acquired by the selling stockholders directly from our company in private placements that were exempt from the registration requirements of the Securities Act of 1933.
The selling stockholders may sell all or a portion of the shares being offered pursuant to this prospectus at fixed prices, at prevailing market prices at the time of sale, at varying prices or at negotiated prices.
Our common stock is quoted on Financial Industry Regulatory Authority’s OTC Bulletin Board under the symbol “AGXM” and is listed on the TSX Venture Exchange under the symbol “ATX”. On May 17, 2011, the closing price of our common stock on the OTC Bulletin Board was $1.20 per share and the closing price of our common stock on the TSX Venture Exchange was CDN$1.15.
We will not receive any proceeds from the sale of the shares of our common stock by the selling stockholders. We may, however, receive proceeds upon exercise of the warrants by the selling stockholders. We will pay for expenses of this offering, except that the selling stockholders will pay any broker discounts or commissions or equivalent expenses and expenses of their legal counsels applicable to the sale of their shares.


Name
of
Selling Stockholder
Shares Owned
by the
Selling Stockholder
before the
Offering(1)
Total Shares
Offered
in the Offering
Number of Shares to Be Owned
by Selling Stockholder and Percent of
Total Issued and Outstanding Shares
After the Offering (1)
# of
Shares(2)
% of
Class(2),(3)
Dominion Employee Benefit Trustees Ltd. re Cheyne Trust A – David Treadwell FT(4)
513,636(5)
50,000
463,636
1.05%
Nassar Abdalla Alnassar
877,272(6)
50,000
827,272
1.87%
Gasland Investment SA(7)
150,000(8)
50,000
100,000
*
Barnet Investments Ltd. (9)
214,500(10)
71,500
143,000
*
Hinde Gold Fund(11)
428,571(12)
142,857
285,714
*
Hambros (Guernsey Nominees) Limited(13)
428,700(14)
142,900
285,800
*
TD Asset Management Inc.(15)
1,277,100(16)
285,700
991,400
2.24%
Samuel Belzberg
150,000(17)
50,000
100,000
*
David Lyall
537,000(18)
179,000
358,000
*
Grafton Capital Corporation(19)
214,500(20)
71,500
143,000
*
Smith & Williamson Nominees Limited(21)
428,700(22)
142,900
285,800
*
11

Name
of
Selling Stockholder
Shares Owned
by the
Selling Stockholder
before the
Offering(1)
Total Shares
Offered
in the Offering
Number of Shares to Be Owned
by Selling Stockholder and Percent of
Total Issued and Outstanding Shares
After the Offering (1)
# of
Shares(2)
% of
Class(2),(3)
Greg Thompson
53,700(23)
17,900
35,800
*
William Washington
53,700(24)
17,900
35,800
*
Jag Holdings Ltd.(25)
112,500(26)
37,500
75,000
*
Igor Mousasticoshvily
37,500(27)
12,500
25,000
*
Benzion Schneider
15,000(28)
5,000
10,000
*
John Horwood
48,700(29)
10,000
38,700
*
Luke Norman
300,000(30)
100,000
200,000
*
Richard Wyman
210,000(31)
70,000
140,000
*
Brisco Capital Partners Corp.(32)
150,000(33)
50,000
100,000
*
Darcy Higgs
107,250(34)
35,750
71,500
*
Lorna Mjolsness
75,000(35)
25,000
50,000
*
Barry Mjolsness
75,000(36)
25,000
50,000
*
Klassic-Fore Investments Inc.(37)
75,000(38)
25,000
50,000
*
Spangler Enterprises Ltd.(39)
52,500(40)
17,500
35,000
*
Mark Hassett
75,000(41)
25,000
50,000
*
NuEnterprises Ltd.(42)
75,000(43)
25,000
50,000
*
WCM Holdings Ltd.(44)
52,500(45)
17,500
35,000
*
Riverspill Response Canada Ltd.(46)
52,500(47)
17,500
35,000
*
Joma Enterprises Ltd.(48)
52,500(49)
17,500
35,000
*
Alpha Capital(50)
427,850(51)
142,850
285,000
*
Hansen Investments Ltd.(52)
150,000(53)
50,000
100,000
*
Christian Klingebiel
59,250(54)
19,750
39,500
*
0820659 B.C. Ltd.(55)
107,100(56)
35,700
71,400
*
Lu Ma
85,650(57)
28,550
57,100
*
John Bowles
53,550(58)
17,850
35,700
*
William Randall
37,500(59)
12,500
25,000
*
Serge Vanry
21,300(60)
7,100
14,200
*
Michel Mendenhall
52,500(61)
17,500
35,000
*
Maria Burglehaus
90,600(62)
25,000
65,600
*
Bradley Resources Canada Ltd.(63)
107,100(64)
35,700
71,400
*
12

Name
of
Selling Stockholder
Shares Owned
by the
Selling Stockholder
before the
Offering(1)
Total Shares
Offered
in the Offering
Number of Shares to Be Owned
by Selling Stockholder and Percent of
Total Issued and Outstanding Shares
After the Offering (1)
# of
Shares(2)
% of
Class(2),(3)
Frank Juriga
30,000(65)
10,000
20,000
*
Peppy Holdings Ltd.(66)
60,000(67)
20,000
40,000
*
Muse Global Master Fund Ltd.(68)
217,500(69)
72,500
145,000
*
Aran Asset Management SA(70)
427,500(71)
142,500
285,000
*
Morgan Stanley and Co.(72)
645,000(73)
215,000
430,000
*
Dennis Brooks
105,000(74)
35,000
70,000
*
Newgen Mining Fund SPC(75)
600,000(76)
200,000
400,000
*
RAB Special Situations (Master) Fund Limited(77)
315,000(78)
105,000
210,000
*
Totals
10,485,729
2,980,407
7,505,322

Notes