on PPX Mining Corp (CVE:PPX)
PPX Mining Completes Debt Settlement with Creditor
PPX Mining Corp., a Canadian mining company, announced the completion of a debt settlement involving an arm's length creditor. The total debt amounted to US$860,093.57, which PPX addressed by issuing 6,533,921 common shares to the creditor. These shares have a deemed price of CAD$0.185 each. This settlement comes after a previous press release dated July 29, 2026. The transaction allows PPX to satisfy its obligations for royalty payments.
The newly issued shares are subject to a hold period that will expire on December 20, 2026, complying with the relevant securities regulations. This strategic move enhances the company's financial standing without immediate cash outflow, reinforcing its operational footing in the industry.
R. P.
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