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PPX Mining ( (TSE:PPX) ) has issued an announcement.
PPX Mining Corp. has entered into a debt settlement agreement to resolve an outstanding debt of US$1,005,538 with a creditor. The company will issue 12,500,000 common shares at a deemed price of C$0.11 per share and make additional cash payments totaling US$50,000. This settlement is subject to TSX Venture Exchange approval and other customary conditions. The agreement aims to strengthen PPX’s financial position and potentially enhance its operational capabilities in the mining sector.
More about PPX Mining
PPX Mining Corp. is a Canadian-based mining company with assets in northern Peru. The company’s flagship project, Igor, is a 100%-owned gold and silver project located in the Northern Peru gold belt in eastern La Libertad Department.
Average Trading Volume: 130,559
Technical Sentiment Signal: Buy
Current Market Cap: C$78.15M
For a thorough assessment of PPX stock, go to TipRanks’ Stock Analysis page.