Silver X Announces Shares FOR Debt Transaction
NOT FOR DISSEMINATION IN THE UNITED STATES OR
FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
SILVER X MINING CORP.
Suite 1430 – 800 West Pender Street, Vancouver, B.C. V6C 2V6
SILVER X ANNOUNCES SHARES FOR DEBT TRANSACTION
Vancouver, B.C., January 24, 2022 - SILVER X MINING CORP. (TSX-V: AGX) (OTCQB: WRPSF)
(“Silver X ” or the “ Company”) is pleased to announce that the board of directors of Silver X has
approved the settlement of up to CAD$249,680 of debt (the "Debt Settlement") through the issuance of
common shares of the Company (the “Shares”).
Pursuant to the Debt Settlement, Silver X would issue up to 780,250 Shares at a deemed price of $ 0.32
per Share to Baker Steel Resources Trust Limited (“Baker Steel”).
Baker Steel, who holds a US$4 million unsecured convertible debenture (the “Debenture”), will be paid
the accrued interest on the Debenture to December 31, 2021 in the amount of CAD$249,680 by way of
the issuance of a total of 780,250 Shares. The issuance of the Shares to Baker Steel is subject to the
approval of the TSX Venture Exchange.
All securities issued will be subject to a four month hold period which will expire on the date that is four
months and one day from the date of issue.
About Silver X Mining
Silver X Mining is a Canadian silver mining company with assets in Peru and Ecuador. The Company’s
flagship asset is the Nueva Recuperada silver lead zinc project located in Huancavelica, Peru. Founders
and management have a successful track record of increasing shareholder value. For more information
visit our website at www.silverx-mining.com.
ON BEHALF OF THE BOARD
Jose Garcia
Chief Executive Officer
For further information, please contact:
Silver X Mining Corp.
Jose Garcia, Chief Executive Officer
+1 604 358 1382 | [email protected]
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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
Some of the statements contained in this news release are forward -looking statements and information
within the meaning of applicable securities laws. Forward -looking statements and info rmation can be
identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or
variations of such words or phrases, or statements that certain actions, events or results “may”, “could”,
“should”, “would”, “might” or “ will” be taken, occur or be achieved. Forward -looking statements and
information are not historical facts and are subject to a number of risks and uncertainties beyond the
Company’s control. Actual results and developments are likely to differ, and may differ materially, from
those expressed or implied by the forward -looking statements contained in this news release.
Accordingly, readers should not place undue reliance on forward -looking statements. The Company
undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except
as may be required by law.