PPX Mining Announces Completion of Debt Settlement
Financialcontent
PPX Mining completed a US$860,094 debt settlement by issuing 6.5 million shares to a creditor, with a hold period until Dec 20, 2026.Summary
PPX Mining Corp announced the completion of a debt settlement with an arm‑length creditor, extinguishing a US$860,093.57 (C$1,208,775.50) obligation for royalty payments. The Company satisfied the debt by issuing 6,533,921 common shares at a deemed price of CAD$0.185 per share, and the shares are subject to a hold period that expires on December 20, 2026, in compliance with securities regulations. PPX Mining is a Canadian‑based mining company (TSX.V:PPX.V, BVL:PPX) focused on its 100 % owned Igor gold‑silver project in the prolific Northern Peru gold belt, and the announcement was made by CEO Ernest Mast.
(Source：Financialcontent)