PPX Mining Corp. Settles Debt Through Equity Issuance

PPX Mining Corp., based in Toronto, ON, announced on May 3, 2024, its plan to resolve a C$20,000 debt with a creditor by issuing 400,000 units. Each unit, priced at C$0.05, includes a common share and a purchase warrant, allowing the warrant holder to buy additional shares at C$0.07 each over the next two years.

This debt settlement, pending approval from the TSX Venture Exchange and the completion of formal agreements, will also subject the issued securities to a four-month hold period as per regulatory requirements.