PPX Receives Revocation Order, Will Resume Trading August 11, 2020
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NEWS RELEASE TSX.V PPX; BVL PPX; SSE PPX
PPX Receives Revocation Order, Will Resume Trading August 11, 2020
Vancouver, British Columbia – August 10, 2020 – PPX Mining Corp. (the "Company" or “PPX”) is pleased to
announce that as of July 23, 2020, the Company had filed all of its outstanding disclosure documents which
include: (i) the audited annual financial statements for the year ended September 30, 2019; (ii) the interim
financial report for the period ended December 31, 2019 ; (iii) the interim financial report for the period
ended March 31, 2020; (iv) the management’s discussion and analysis for the periods ended September 30,
2019, December 31, 2019 and March 31, 2020 ; and (v) the certification of annual and interim filings for
periods ended September 30, 2019, December 31, 2019, and March 31, 2020.
On July 27 , 2020, the Company received a revoc ation order from the British Columbia Securities
Commission, informing the Company that all required records had been filed and that the Cease Trade
Order issued on May 20, 2020 had been revoked. Further to receiving the revocation order, the TSX
Venture exchange has announced that the Company’s securities will resume trading on the TSX Venture
Exchange as of opening on August 11, 2020.
Brian J. Maher, President and CEO of PPX Mining Corp. commented: “The Company is excited to resume
trading, especially in light of the strong market dynamics we are experiencing. With the resumption of
mining at the Igor Project, PPX is well positioned to take advantage of current precious metal prices, and
continue developing and expanding operations at Mina Callanquitas.”
About PPX Mining Corp:
PPX Mining Corp. (TSX.V: PPX.V, SSE: PPX, BVL: PPX) is a Canadian -based mining company with
assets in northern Peru. Igor, the Company’s 100%-owned flagship gold and silver project, is located in
the prolific Northern Peru gold belt in eastern La Libertad Department. PPX is developing the Callanquitas
Mine and heap leach facility to exploit high grade, underground -minable oxidized gold and silver ore.
Based on the Company’s Pre-Feasibility Study (“PFS”), PPX expects the Callanquitas Mine to produce up
to 26,000 AuEq* ounces per year over a seven -year mine life at cash cost of less than US$610/AuEq*
ounce (the Igor PFS is available on the Company’s website and SEDAR) . Simultaneously, PPX is
accelerating its exploration program at Igor in order to fully evaluate the resource potential of the entire
Igor project area. The Callanquit as structure is open along strike and at depth, parallel structures are
unexplored. New discoveries at Portachuelos, coupled with the Domo and Tesoros exploration targets,
emphasize that the Igor Project is evolving into a district -scale project with mult iple deposits and
mineralized zones.
*AuEq is calculated as follows: AuEq ounces = Au ounces + Ag ounces/75. Per PFS, inclusive of metallurgical recovery.
All scientific and technical information in this press release has been reviewed and approved by Quentin J.
Browne, P.Geo., Independent Consulting Geologist to PPX Mining Corp., who is a qualified person under
the definitions established by National Instrument 43-101.
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On behalf of the Board of Directors
Brian J. Maher
President and Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
PPX Mining Corp.
Brian J. Maher, President and Chief Executive Officer
Phone: 1-530-913-4728
Email: [email protected]
Website: www.ppxmining.com
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Cautionary Statement:
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. Certain disclosure in this release, June constitute
"forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and
Canadian securities legislation. In making the forward-looking statements in this release, the Company has applied certain factors
and assumptions that the Company believes are reasonable. However, the forward-looking statements in this release are subject to
numerous risks, uncertainties and other factors that June cause future results to differ materially from those expressed or i mplied
in such forward-looking statements. Such uncertainties and risks are detailed from time to time in the Company's filings with the
appropriate securities commissions, and June include, among others, market conditions, and delays in obtaining or failure to obtain
required regulatory approvals or financing. There can be no assurance that such statements will prove to be accurate, and act ual
results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue
reliance on forward -looking statements. The Company does not intend, and expressly disclaims any intention or obligation to,
update or revise any forward -looking statements whether as a result of new information, future events or otherw ise, except as
required by law.