Silver X Announces Management Transition and Share Issuance
Silver X Announces Management Transition and Share Issuance
VANCOUVER, BC / August 8, 2024 / SILVER X MINING CORP . (TSXV: AGX) (OTCQB: AGXPF) (F:
AGX) ("Silver X" or the "Company") wishes to announce that Sebastian Wahl will be stepping down
as Vice President, Corporate Development of the Company to pursue other opportunities. Mr. Wahl
will remain a director of the Company.
In connection with this transition and his consulting agreement with the Company, the Company
has agreed to issue Mr. Wahl an aggregate of 1,261,956 common shares of the Company at a price
of C$0.23 per share. The issuance of the shares is subject to the approval of the TSX Venture
Exchange and will be subject to a four-month hold period.
"We are exceptionally thankful to Sebastian Wahl for all his contributions to the company since its
inception. As one of the founders of Silver X, his collaboration has been instrumental in achieving
many of our key milestones, " stated Jose M. Garcia, CEO of Silver X. "Sebastian will remain engaged
as Director and one of the largest shareholders of Silver X. "
About Silver X Mining
Silver X is a rapidly expanding silver developer and producer. The Company owns the 20,000-
hectare Nueva Recuperada Silver District in Central Peru and produces silver, gold, lead and zinc
from its Tangana Project. We are building a premier silver company that aims to deliver outstanding
value to all stakeholders, consolidating and developing undervalued assets, adding resources and
increasing production while aspiring to social and environmental excellence. For more information
visit our website at www.silverxmining.com.
ON BEHALF OF THE BOARD
José M. García
CEO and Director
For further information, please contact:
Susan Xu
Investor Relations
+1 778 323 0959
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Statement Regarding "Forward-Looking" Information
This press release contains forward-looking information within the meaning of applicable Canadian
securities legislation ("forward-looking information"). Generally, forward-looking information can be
identified by the use of forward-looking terminology such as "plans" , "expects" or "does not expect" ,
"is expected" , "budget" , "scheduled" , "estimates" , "forecasts" , "intends" , "anticipates" or "does not
anticipate" , or "believes" , or variations of such words and phrases or state that certain acts, events
or results "may" , "could" , "would" , "might" or "will be taken" , "occur" or "be achieved" . All
information contained in this press release, other than statements of current and historical fact, is
forward looking information. Forward- looking information contained in this press release may
include, without limitation, exploration plans, results of operations, expected performance at the
Project, the Company's belief that the Tangana system will provide considerable resource
expansion potential, that the Company will be able to mine the Tangana Mining Unit in an economic
manner, and the expected financial performance of the Company.
The following are some of the assumptions upon which forward-looking information is based: that
general business and economic conditions will not change in a material adverse manner; demand
for, and stable or improving price for the commodities we produce; receipt of regulatory and
governmental approvals, permits and renewals in a timely manner; that the Company will not
experience any material accident, labour dispute or failure of plant or equipment or other material
disruption in the Company's operations at the Project and Nueva Recuperada Plant; the availability
of financing for operations and development; the Company's ability to procure equipment and
operating supplies in sufficient quantities and on a timely basis; that the estimates of the resources
at the Project and the geological, operational and price assumptions on which these and the
Company's operations are based are within reasonable bounds of accuracy (including with respect
to size, grade and recovery); the Company's ability to attract and retain skilled personnel and
directors; and the ability of management to execute strategic goals.
Forward-looking information is subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or achievements of the
Company, as the case may be, to be materially different from those expressed or implied by such
forward-looking information, including but not limited to those risks described in the Company's
annual and interim MD&As and in its public documents filed on sedarplus.ca from time to time.
Forward- looking statements are based on the opinions and estimates of management as of the
date such statements are made. Although the Company has attempted to identify important
factors that could cause actual results to differ materially from those contained in forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward- looking information. The
Company does not undertake to update any forward-looking information, except in accordance
with applicable securities laws.
SOURCE: Silver X Mining Corp.