November 8, 2021
Silver X Mining Corp. (TSXV:AGX, Not Rated, Timothy Lee) announced that its board of directors has approved the settlement of up to C$1,668,518 of debt through the issuance of common shares. According to the agreement, Silver X would issue up to 5,296,882 shares at C$0.315 per share to Baker Steel Resources Trust Ltd. (LSE:BSRT, Not Rated). As previously noted on July 28, the company participated in a debt settlement transaction with Baker Steel to convert the principal amount of its US$1 million promissory note and together with accrued interest and arrangement fees in the amount of C$1,608,893 into AGX shares (read more). However, at that time both parties only settled the interest on Baker Steel’s US$4 million unsecured convertible debenture by issuing 593,536 shares. This announcement relates to the principal amount of the US$1 million promissory note together with accrued interest and management fees. Read more
