Business
Guanajuato Silver Completes Shares for Debt
VANCOUVER, BC / ACCESSWIRE / June 20, 2024 / Guanajuato Silver Company Ltd. (the " Company " or ...
About this update from Guanajuato Silver Company Ltd.
[{"type":"text","content":"Guanajuato Silver Completes Shares for DebtVANCOUVER, BC / ACCESSWIRE / June 20, 2024 / Guanajuato Silver Company Ltd. (the \"Company\" or \"GSilver\") (TSXV:GSVR)(OTCQX:GSVRF) confirms that, as previously announced on May 31, 2024, (See GSilver News Release dated May 31, 2024 - \"Guanajuato Silver Announces Date of General Meeting of the Shareholders\") the Company has settled $805,000 in outstanding liabilities of the Company by the issuance of 2,683,333 common shares in the capital of the Company at a deemed price of $0.30 per share (the \"Debt Settlement\"). The shares issued for the Debt Settlement are subject to a four-month hold period that expires on October 21, 2024.Corporate UpdateThe Company also announces the upcoming event: June 27, 2pm Pacific - Mining Operations Update Presentation. Hernan Dorado Smith, Guanajuato Silver's Chief Strategy Officer, will provide an update and take questions about the Company's operations and plans for the remainder of 2024. The presentation will be held in Vancouver at the offices of Ventum Financial Corp, located at 733 Seymour Street, 25th Floor. Space will be limited; if you would like to attend, please respond to [email protected] Guanajuato SilverGSilver is a precious metals producer engaged in reactivating past producing silver and gold mines in central Mexico. The Company produces silver and gold concentrates from the El Cubo Mines Complex, Valenciana Mines Complex, and the San Ignacio mine; all three mines are located within the state of Guanajuato, which has an established 480-year mining history. Additionally, the Company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango. With four operating mines and three processing facilities, Guanajuato Silver is one of the fastest growing silver producers in Mexico.ON BEHALF OF THE BOARD OF DIRECTORS\"James Anderson\"Chairman and CEOFor further information regarding Guanajuato Silver Company Ltd., please contact:JJ Jennex, Gerente de Comunicaciones, T: 604 723 1433E: [email protected] 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.Forward-Looking StatementsThis news release contains certain forward-looking statements and i...