Defiance Silver Corp. (the “Company”), announces that it has arranged to settle an aggregate of $281,294 of outstanding debt owing to certain directors, officers and consultants by paying $82,108 in cash and issuing an aggregate of 1,991,920 common shares at a deemed price of $0.10 per common share.
The common shares issued in connection with this debt settlement will be subject to a hold period of four months from issuance. The arrangement is subject to approval of the TSX Venture Exchange.
About Defiance Silver Corp.:
Defiance is engaged in the acquisition and exploration of advanced silver projects in the historic Zacatecas Silver District, Mexico. The Company’s efforts are focused on the potential to expand the current resource at the San Acacio deposit with its past production of 75 to 100 million ounces of silver.
On behalf of the Directors,
For additional information please visit the Company’s website at www.defiancesilver.com.
1610 - 409 Granville Street
Vancouver, BC V6C 1T2
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.