Silver X Provides Update ON Mcto
SILVER X MINING CORP.
Suite 1430 – 800 West Pender Street, Vancouver, B.C. V6C 2V6
SILVER X PROVIDES UPDATE ON MCTO
Vancouver, B.C., May 18, 2022 – SILVER X MINING CORP. (TSX-V: AGX) (OTC QB:
AGXPF) (“Silver X” or the “Company”) is providing a default status report in accordance with
National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”)
On May 4, 2022 the Company announced that it was not in a position to file its audited annual
financial statements, management’s discussion and analysis and related certifications (the “Issuer
Statements”), for the financial year ended December 31, 2021 on or before the filing deadline of
May 2, 2022, and the British Columbia Securities Commission (“BCSC”) granted a management
cease trade order (“MCTO”) ordering that all trading by specified insiders of the Company in the
securities of the Company cease until the Issuer Statements are filed and the Executive Director of
the BCSC revokes the MCTO.
The audit of the annual financial statements is in progress and the Company still expects to have
the audit of the Issuer Statements completed, and the Issuer Statements filed, no later than May
30, 2022.
The Company will continue to provide bi-weekly default status reports, as required by NP 12-203,
until the Issuer Statements have been filed. The Company confirms it will continue to satisfy the
provisions of the alternative information guidelines set out in Sections 9 and 10 of NP 12-203
during the period of default.
ON BEHALF OF THE BOARD OF DIRECTORS
OF SILVER X MINING CORP.
Jose M. Garcia Jimenez
Chief Executive Officer and Director
For further information, please contact:
Silver X Mining Corp.
José M. Garcia, CEO
+ 1 604 358 13682 | [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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Cautionary Note Regarding Forward Looking Information
Certain statements contained in this press release constitute forward-looking information. These
statements relate to future events or future performance. The use of the word, "will" and similar
expressions and statements relating to matters that are not historical facts are intended to identify
forward-looking information and are based on the Company's current belief or assumptions as to
the outcome and timing of such future events. Actual future results may differ materially. In
particular, this news release contains forward-looking information relating to the anticipated date
for filing the annual financial statements for the year ended December 31, 2021 and related
management's discussion and analysis. Various assumptions or factors are typically applied in
drawing conclusions or making the forecasts or projections set out in forward-looking information.
Those assumptions and factors are based on information currently available to the Company. The
Company cautions the reader that the above list of risk factors is not exhaustive. Those assumptions
and factors are based on information currently available to the Company. The forward-looking
information contained in this release is made as of the date hereof and the Company is not obligated
to update or revise any forward-looking information, whether as a result of new information, future
events or otherwise, except as required by applicable securities laws, or as otherwise may be
disclosed in this news release. Because of the risks, uncertainties and assumptio ns contained
herein, investors should not place undue reliance on forward-looking information.