GUANAJUATO SILVER CO

GSVR
Delayed Bourse de Toronto - 12:52 2022-11-29 pm EST
0.4300 CAD +4.88%

Guanajuato Silver Arranging Shares for Debt

10/07/2022 | 10:36am
(MT Newswires) -- Guanajuato Silver (GSVR.V) on Friday announced that it has arranged to issue 2.47 million common shares at a deemed price of C$0.40 per share in settlement of outstanding accounts payable and accrued liabilities to various parties totaling approximately C$987,000.

James Anderson, Chairman and CEO said, "The settlement of these outstanding payments for shares is very helpful for GSilver's working capital position as we move to bring all our mining assets back to full production. Furthermore, this debt settlement demonstrates a major vote of confidence on the part of these key members of management and our main mine contractor, who clearly see value in being shareholders of the company."

Price: 0.41, Change: -0.03, Percent Change: -6.82

MT Newswires 2022
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