tiprankstipranks
Trending News
More News >

PPX Mining Corp. Announces Debt Settlement Agreement

Story Highlights
PPX Mining Corp. Announces Debt Settlement Agreement

Don’t Miss TipRanks’ Half-Year Sale

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1