PPX Mining Corp. Completes Debt Settlements with Share Issuance

PPX Mining Corp., a Canadian mining company, has finalized two debt settlements. The company issued 1,850,000 common shares to a former employee to settle US$123,000 in outstanding fees, priced at C$0.091 per share. Additionally, PPX issued 12,500,000 shares to arm's length creditors, addressing US$1,005,538 in a referral fee, each share valued at C$0.11. These shares will be under a holding period until November 29, 2025, adhering to securities laws.

The settlements reflect PPX's strategic move to manage debts while maintaining focus on its flagship gold and silver project in northern Peru. The company's executive chairman, Brian Imrie, oversaw these developments from their Toronto base.