PPX Mining Corp. Settles Debt Through Share Issuance

PPX Mining Corp. has reached a debt settlement with a former employee to resolve an outstanding amount of US$123,000. The settlement will be executed by issuing 1,850,000 common shares at a price of C$0.091 per share. This move requires TSX Venture Exchange approval, and shares will be under a hold period of four months and one day post-issuance. This strategic decision aims to alleviate the financial obligation while managing shareholder equity responsibly.

The forward-looking nature of this agreement carries inherent risks, including potential delays in obtaining regulatory approvals. PPX Mining underscores the speculative element of future projections, urging caution in interpreting these plans. The company's flagship project, located in Peru, remains central to its growth and development strategy.