PPX Mining Reaches Debt Settlement with Creditor

PPX Mining Corp. has announced a debt settlement agreement with a third party creditor. The company will settle an outstanding debt of US$643,681.10 (CAD$916,128.78) by issuing 3,817,203 common shares at CAD$0.24 per share. This agreement requires the approval of the TSX Venture Exchange. Issued shares will have a four months and one day hold period in compliance with securities laws.

This settlement involves converting debt related to royalty payments into shares. The company highlights that this agreement's completion and share issuance are subject to regulatory approval, emphasizing risks and uncertainties in forward-looking statements.