PPX Mining (TSE:PPX) has released an update.
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PPX Mining Corp has agreed to a debt settlement to clear C$20,000 of debt with the issuance of 400,000 units, each including one share and a purchase warrant, subject to TSX Venture Exchange approval. The Warrants are exercisable for two years, allowing creditors to purchase additional shares at a set price. This strategic move aims to strengthen the company’s financial position and comes from a firm with a significant mining project in Peru.
For further insights into TSE:PPX stock, check out TipRanks’ Stock Analysis page.
