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Silver X Mining Launches Brokered Private Placement of Up To C$60M in Convertible Debentures
VANCOUVER, BC / ACCESS Newswire / January 27, 2026 / Silver X Mining Corp. (TSX-V:AGX)(F:AGX) ...
About this update from Silver X Mining Corp
[{"type":"text","content":"Silver X Mining Launches Brokered Private Placement of Up To C$60M in Convertible DebenturesVANCOUVER, BC / ACCESS Newswire / January 27, 2026 / Silver X Mining Corp. (TSX-V:AGX)(F:AGX) (\"Silver X\" or the \"Company\") is pleased to announce that it has entered into an agreement with Ventum Financial Corp. as sole agent and sole bookrunner (the \"Agent\"), in connection with a \"best efforts\" private placement offering by the Company (the \"Offering\") of up to C$60 million aggregate principal amount of secured convertible debentures of the Company (the \"Convertible Debentures\").In addition, the Company has granted the Agent an option to increase the size of the Offering by up to 15% of the number of Convertible Debentures, exercisable by the Agent, in whole or in part, at any time up to three business days prior to the closing of the Offering.The principal amount of the Convertible Debentures will bear interest at a fixed rate of 10.0% per annum, payable semi-annually and will mature on the date that is five years from the Closing Date (as defined herein) (the \"Maturity Date\"). For the first 24 months the Company may elect to pay interest in cash or shares at the Company's sole discretion and thereafter interest will be paid in cash.The principal amount of each Convertible Debenture will be convertible, at the election of the holder, into Common Shares at a conversion price of C$1.62 per common share (the \"Conversion Price\") at any time until the earlier of (i) the business day preceding the Maturity Date, and (ii) the date of repayment in full of the principal amount of the Convertible Debentures and all accrued and unpaid interest thereon.Silver X intends to use the net proceeds of the Offering for development, working capital and for general corporate purposes.The Offering is expected to close on or about February 18, 2026 (the \"Closing Date\") and remains subject to satisfaction of certain conditions, including the receipt of all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued under the Offering will be subject to a hold period under applicable Canadian securities laws expiring four months and one day from the closing date of the Offering.José García, President and CEO of Silver X, commented:\"This financing, when completed, will prov...