on Silver X Mining Corp. (isin : CA8283411079)
Silver X Mining Cancels Private Placement Due to Market Conditions
On November 13, 2024, Silver X Mining Corp. announced the termination of its planned private placement. The decision, effective immediately, comes as a response to unfavorable market conditions impacting equity prices and especially the price of silver. José García, the CEO, emphasized that current conditions are not favorable for completing the offering in a way that would benefit shareholders.
Silver X is engaged in silver production and operates the Nueva Recuperada Silver Project in Peru. The company produces silver, gold, lead, and zinc, focusing on growth and asset development. Despite current setbacks, Silver X remains committed to long-term growth and value creation.
R. P.
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