Silver X Mining Corp V.AGX

Alternate Symbol(s): AGXPF

Metals & Mining Industrial Metals & Minerals

Silver X Mining Corp. is a Canada-based silver developer and producer. The Company owns the 20,000-hectare Nueva Recuperada Silver District in Central Peru and produces silver, gold, lead and zinc from its Tangana Project. The project includes the Tangana mining unit (Tangana), a precious- and base-metal operation that is in the northern portion of the project comprised of 100-plus veins spanning an area of more than 6,500 hectares, and the Plata (formerly referred to as Esperanza) advanced Project, a grouping of historic silver-polymetallic veins, with significant exploration upside in the southern portion of the project comprised of 200-plus veins often with intense anatomizing, spanning an area of more than 7,000 hectares. The Company holds interest in a 1400-hectare concession known as the Las Antas Property, which is located within the Oligocene-Pliocene gold-silver Belt of Southern Peru. The Company also has an option agreement to acquire the Lily 19 claims in Peru.

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Silver X Mining Corp

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Comment by trumpmasteron Sep 23, 2010 4:43pm

448 Views

Post# 17485809

got to be going higher!

On July 20, 2009 and September 11, 2009, the Company closed the second tranche of the private placement arranged on June 5, 2009, consisting of 3,128,000 FT and 3,000,000 NFT units at a price of
.05 for FT and
.045 for NFT per unit. Total proceeds were $291,400. Each unit is comprised of one common share and one NFT non-transferable share purchase warrant entitling the holder to purchase one additional common share at a price of
.05 in the first year and
.10 in the second year, on or before July 19, 2010/2011 (as to 4,998,333 units) and September 10, 2010/2011 (as to 1,129,667 units).

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