Silver X Mining Announces Closing of Final Tranche of Upsized Non-Brokered Private Placement to Complete its $5,000,000 Offering
Summary
The Finders Warrants are exercisable for a period of 36 months from the Closing Date.CEO, Jose M. Garcia, and Vice President, Corporate Development, Sebastian Wahl, (the "Insiders") have each participated for a total of approximately $2,273,009 worth of Units in the second tranche of the Private Placement. This strategic decision to issue shares in lieu of cash payment is aimed at preserving the Companys working capital, thereby ensuring operational efficiency and financial flexibility. All common shares issued in satisfaction of the indebtedness will be subject to a four-month hold period expiring on August 13, 2024.Silver X is a rapidly-expanding silver developer and producer in the Americas. Our mission is to be a premier silver company delivering outstanding value to all stakeholders and we aim to achieve this by consolidating and developing undervalued assets, creating value by adding resources and increasing production while aspiring to social and environmental excellence. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.