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An announcement from PPX Mining ( (TSE:PPX) ) is now available.
PPX Mining Corp. announced that RIVI Opportunity Fund LP has opted to convert an additional US$250,000 of its secured convertible debenture into 6.25 million common shares, reducing the outstanding principal balance to US$3.65 million. This move is part of a broader restructuring of PPX’s gold and silver purchase agreement with RIVI, reflecting RIVI’s confidence in PPX’s financial and operational progress, and its commitment to the company’s long-term goals.
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: 72,090
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$59.86M
See more data about PPX stock on TipRanks’ Stock Analysis page.