Silver X Mining Corp. (TSE:AGX) has released an update.
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Silver X Mining Corp. has announced an expansion of its non-brokered private placement due to strong demand, aiming to raise C$5 million at $0.18 per unit to fund capital expenditures and exploration at the Nueva Recuperada Silver District in Peru as well as potential asset acquisitions. The offering includes common shares and warrants, with a hold period for the issued securities. High-level executives of the company have shown interest in participating, which complies with regulatory exemptions for related party transactions.
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