Oro X and Mines and Metal Trading (Peru) PLC Announce Subscription Receipt Financing Terms As Part of Merger to Create Silver X Mining Corp.

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[{"type":"text","content":"\n \n \n \n Oro X and Mines and Metal Trading (Peru) PLC Announce Subscription Receipt Financing Terms As Part of Merger to Create Silver X Mining Corp.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWS WIRE SERVICES/\n \n \n \n Oro X and Latitude Silver have engaged Echelon and\n \n Red Cloud\n \n as lead agents for best-efforts private placement\n \n \n Will raise minimum\n \n $14,000,000\n \n at\n \n $0.60\n \n per Subscription Receipt\n \n \n Financing is condition of Oro X and Latitude Silver merger\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n March 19, 2021\n \n /CNW/ -\n \n ORO X MINING CORP.\n \n (TSXV: OROX) (OTC-PINK: WRPSF) (\"\n \n Oro X\n \n \" or the \"\n \n Company\n \n \") and Mines and Metals Trading (\n \n Peru\n \n ) PLC (\"\n \n MMTP\n \n \", also commercially known as \"\n \n Latitude Silver\n \n \") are pleased to announce the price of the previously announced \"best-efforts\" private placement (the \"\n \n Offering\n \n \") of subscription receipts (\"\n \n Subscription Receipts\n \n \") of MMTP Finco Inc. (\"\n \n MMTP Finco\n \n \"), a wholly-owned subsidiary of MMTP, is\n \n $0.60\n \n per Subscription Receipt.  Echelon Wealth Partners Inc. and Red Cloud Securities Inc. are acting as co-lead agents (together, the \"\n \n Co-Lead Agents\n \n \" on their own behalf and on behalf of a syndicate of agents including Canaccord Genuity Corp., and Mackie Research Capital Corporation, collectively with the Co-Lead Agents, the \"\n \n Agents\n \n \") in connection with the Offering. The Offering is expected to raise aggregate gross proceeds of a minimum of\n \n $14,000,000\n \n . Each Subscription Receipt will convert into one common share in the capital of MMTP Finco (each, an \"\n \n MMTP Finco Share\n \n \") upon the satisfaction of certain escrow release conditions, as described in more detail in the Company's news release dated\n \n March 1, 2021\n \n .\n \n \n \n \n \n \n \n \n \n The Offering is a conditi...

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