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PPX Mining Announces Deferral Of Convertible Debenture Maturity Date
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PPX Mining Announces Deferral Of Convertible Debenture Maturity Date
TORONTO, ON / ACCESS Newswire / March 7, 2025 / PPX Mining Corp. (TSX.V:PPX.V)(BVL:PPX) is pleased to announce that RIVI Opportunity Fund LP has agreed to defer the maturity date of the convertible debenture that the Company issued on February 19, 2023, as part of the previously announced stream restructuring with RIVI, to December 31, 2026. The convert was originally due on February 19, 2026.
Brian Imrie commented "we appreciate RIVI's ongoing support to PPX. This deferral will provide sufficient time to complete plant construction, including commissioning, and to satisfy the obligations under the convertible note at the new maturity. The deferral also allows PPX to keep this liability as non-current, not affecting our current working capital position."
About PPX Mining Corp:
PPX Mining Corp. (TSX.V: PPX.V, BVL: PPX) is a Canadian-based mining company with assets in northern Peru. Igor, the Company's 100%-owned flagship gold and silver project, is located in the prolific Northern Peru gold belt in eastern La Libertad Department.
Brian Imrie
Executive Chairman
82 Richmond Street East
Toronto, Ontario M5C 1P1
Canada
416-361-0737
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement:
This press release contains forward-looking information and forward-looking statements (collectively, "forward-looking statements") as such terms are defined by applicable securities laws, including, but not limited to statements regarding test results, future plans or management estimates. Forward-looking statements are statements that relate to future events. In this context, forward-looking statements often address expected future business and financial performance and often contain words such as "anticipate," "believe," "plan," "estimate," "expect," and "intend,", statements that an action or event "may," "might," "could," "should," or "will" be taken or occur, or other similar expressions. Forward-looking statements are subject to a number of known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control, and the Company's actual results could differ materially from those stated or implied in forward-looking statements due to many various factors. Such uncertainties and risks include, among others, delays in obtaining or inability to obtain required regulatory approvals and or funding, as applicable. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee that the events and circumstances reflected in the forward-looking statements will be achieved or occur. The timing of events and circumstances and actual results could differ materially from those projected in the forward-looking statements. Accordingly, one should not place undue reliance on forward-looking statements. All forward-looking statements contained in this press release are made as of today's date, and the Company undertakes no obligation to update or publicly revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law.
SOURCE: PPX Mining Corp.
View the original press release on ACCESS Newswire
G.Boudreau--SMC
