PPX Mining (TSE:PPX) has released an update.
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PPX Mining Corp. is bolstering its financial position as RIVI Opportunity Fund LP converts US$500,000 of a secured convertible debenture into 12.5 million PPX common shares. This conversion is part of a broader restructuring of the Company’s gold and silver purchase agreement and reduces the outstanding debenture principal to US$3.9 million. Executive Chairman Brian Imrie views the conversion as a strong indication of investor confidence in PPX Mining’s future.
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