Business
Silver X Mining Closes C$69M Brokered Private Placement of Secured Convertible Debentures
VANCOUVER, BC / ACCESS Newswire / March 18, 2026 / Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF)(FRA:AGX) ("Silver X" or the "Company") is pleased to announce the successful closing of its previously announced brokered private placement of secured ...
About this update from Argan, Inc.
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / March 18, 2026 / Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF)(FRA:AGX) ("Silver X" or the "Company") is pleased to announce the successful closing of its previously announced brokered private placement of secured convertible debentures (the "Debentures") for aggregate gross proceeds of C$69,000,000 (the "Offering"), which includes the full exercise of the Agent's over-allotment option as explained below.","length":486,"tagName":"p"},{"type":"text","content":"Pursuant to the Offering, the Company issued an aggregate of 69,000 Debentures at an issue price of C$1,000 per Debenture. Due to strong investor demand, the Agent exercised its option in full to increase the size of the Offering by 15%, resulting in additional gross proceeds of C$9,000,000 and total gross proceeds increasing from C$60,000,000 to C$69,000,000.","length":362,"tagName":"p"},{"type":"text","content":"The Offering was conducted on a "best efforts" agency basis, with Ventum Financial Corp. acting as sole agent and sole bookrunner (the "Agent").","length":164,"tagName":"p"},{"type":"text","content":""Closing this private placement is an important step toward our ambition to become South America's next premier silver company," said José García, CEO of Silver X Mining Corp. "This capital enables us to continue advancing the Nueva Recuperada Project across production expansion, development, and exploration, where we expect to deliver meaningful results in the months ahead. In parallel, we will evaluate selective acquisition opportunities that support our long‑term growth strategy. We appreciate the support of Ventum Financial and the investors who participated in this financing, and we look forward to updating the market as we execute our plans."","length":680,"tagName":"p"},{"type":"text","content":"The principal amount of the Debentures will bear interest at a fixed rate of 10.0% per annum, payable semi-annually and will mature on the date (the "Maturity Date") that is five years following the date of issuance of the Debentures (the "Closing Date"). For the first four interest payment dates, the Company may elect to pay interest in cash or common shares of the Company ("Common Shares") at the Company's sole dis...