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Oro X Mining : and Latitude Silver Announce Closing of Subscription Receipt Financing


MMTP , also commercially known as
Latitude Silver ) are pleased to announce that
MMTP Finco Inc. (
MMTP Finco ), a wholly-owned subsidiary of Latitude Silver, has closed its previously announced best-efforts private placement (the
Offering ) of subscription receipts (
$0.60 per Subscription Receipt for total gross proceeds of
$14,189,571
.  Each Subscription Receipt will automatically convert into one common share in the capital of MMTP Finco (each, a
MMTP Finco Share ) upon the satisfaction of the Escrow Release Conditions (as herein defined). 
Closing of the Offering is a condition precedent to the completion of the business combination (the
Transaction ) announced by Oro X and Latitude Silver on ....

United States , British Columbia , Luis Zapata , Orox Oro , Canaccord Genuity Corp , Subscription Receipt Agent The Co , Red Cloud Securities Inc , Research Capital Corporation , Mines Metals Trading Peru , Odyssey Trust Company The Subscription Receipt Agent , Finco Inc , Orox Mining Corp , Companya Warrant Share , Venture Exchange , Regulation Services Provider , Echelon Wealth Partners Inc , Latitude Silver , Metals Trading , Subscription Receipt , Escrow Release Conditions , Finco Amalgamation , Orox Share , Orox Shares , Wealth Partners , Cloud Securities , Capital Corporation ,

Oro X and Mines and Metal Trading (Peru) PLC Announce Business Combination to Create Silver X Mining Corp.


MMTP , also commercially known as
Latitude Silver ) are pleased to announce the signing of a business combination agreement (the
Business Combination Agreement ). Pursuant to the Business Combination Agreement, Oro X will acquire 100% of the issued and outstanding shares of MMTP (the
Transaction ). 
With a team led by CEO Jose Garcia, Executive Chairman Luis Zapata, and Lead Advisor Paul Matysek, Silver X will be Latin America s next low-cost silver producer. The combination of Oro X s and MMTP s teams, assets and operational experience creates a growth-focused platform primed to consolidate the fragmented Peruvian silver landscape.
Upgrading and expanding MMTP s Nueva Recuperada inferred resource pursuant to a NI 43-101 Technical Report for Recuperada Project, Peru with an effective date of October 15, 2020 (the ....

United Kingdom , United States , British Columbia , Paul Matysek , Sebastian Wahl , A David Heyl , Orox Gowling , Mike Hoffman , Maria Garc , Maria Luz , Minas Buenaventura , Luis Zapata , Jose Garcia , Nueva Recuperada , Venture Exchange The , Madrid Polytechnic University , Ecuadorian College Of Engineers , University Of Queensland , Society For Mining , Camborne School Of Mines , Metals Trading Peru , Mining Chamber , Pursuant To Exchange , Venture Exchange , Regulation Services Provider , World Economic Forum ,