Silver X Mining Advances with Successful Fundraise

Silver X Mining Corp. (TSE:AGX) has released an update.

Silver X Mining Corp. successfully completed the initial tranche of its non-brokered private placement, raising over $1.1 million through the issuance of units priced at $0.18 each. These funds are designated for capital expenditures and exploration activities at the Nueva Recuperada Silver District in Peru, as well as for potential new asset acquisitions. The company confirmed that a statutory hold period is in place for these securities until August 2024, with a second tranche expected to close soon.

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