PPX Mining Corp. Finalizes Debt Settlement Agreement

PPX Mining Corp., a Canadian-based mining firm, announced a debt settlement agreement involving a creditor. The company plans to resolve a debt totaling US$1,005,538 by issuing 12,500,000 common shares at C$0.11 per share to the creditor. An additional cash payment of US$50,000 will complete the settlement.

The agreement requires approval from the TSX Venture Exchange and other conditions. Shares issued will undergo a hold period of four months plus one day in compliance with securities laws.

PPX Mining's flagship project, Igor, is located in Peru's Northern gold belt. The completion of this settlement is important for future financial structuring and operational focus.