Defiance Increases Loan Financing
DEFIANCE INCREASES LOAN FINANCING
FOR RELEASE: September 24, 2018 TSXV: DEF
OTC: DNCVF
Defiance Silver Corp. (“Defiance”) announces that, further to its news releases of June 19, 2018 and
September 17, 2018, it has increased its third party loan fa cility from $700,000 to up to $1,120,810. The
additional proceeds provide Defiance with the funding necessary to complete its proposed merger with
ValOro Resources Inc. (see n ews release dated September 17, 2018) , and to continue its exploration of
the San Acacio Silver project in Zacatecas, Mexico.
The loan is unsecured, bears interest at the rate of 1% per month, and matures on the earlier of September
17, 2019 or the date Defiance closes its next equity financing. Defiance will pay a commitment fee o f
2.0% of the loan, payable on maturity or repayment; and will issue 1,618,500 warrants to the lender, each
warrant entitling the lender to acquire one common share of Defiance at $0.26 until September 17, 2019.
The issuance of the bonus warrants will be subject to the approval of the TSX Venture Exchange.
About Defiance Silver Corp.
Defiance Silver Corp. (DEF | TSX Venture Exchange; DNCVF | OTC; D4E | Frankfurt) is a silver
explorer and developer advancing the San Acacio Deposit, located in the historic Zacatecas Silver District
of central Mexico. Defiance is managed by a team of proven mine developers with a track record of
exploring and developing seven operating mines to date. Defiance’s corporate mandate is to expand San
Acacio to become one of Mexico’s premier high grade wide vein silver deposits. A Panoramic Video on
the San Acacio Deposit is available on our website.
On behalf of Defiance Silver Corp.
“Peter J. Hawley”
President & CEO
Chairman of the Board, Director
For more information, please contact: Sunny Pannu – Corporate Development (604) 669 7315 or via
email at [email protected]
2300 - 1177 West Hastings Street www.defiancesilver.com
Vancouver, BC V6E 2K3 Tel: 604-669-7315 Email:[email protected]
Neither 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 rel ease.