STOCK TITAN

Defiance Silver - Clarifying News Release

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

Defiance Silver Corp. (TSXV: DEF) has issued a clarifying news release regarding statements made on July 12, 2024. The company clarifies that its engagement with AXINO Media GmbH for investor relations services began on July 1, 2024, not earlier as previously stated. AXINO is a private investor relations firm based in Germany, specializing in representing resource sector companies in European financial markets.

Additionally, Defiance Silver corrects that an administrative services agreement with an officer of the company, previously described as arm's length, is in fact non-arm's length. The company reiterates its focus on advancing the Zacatecas project in Mexico's historic Zacatecas Silver District and the Tepal Gold/Copper Project in Michoacán state.

Defiance Silver Corp. (TSXV: DEF) ha emesso un comunicato stampa di chiarimento riguardo alle dichiarazioni fatte il 12 luglio 2024. L'azienda chiarisce che il suo impegno con AXINO Media GmbH per servizi di relazioni con gli investitori è iniziato il 1° luglio 2024, e non prima come precedentemente affermato. AXINO è una società privata di relazioni con gli investitori con sede in Germania, specializzata nella rappresentanza di aziende del settore delle risorse nei mercati finanziari europei.

Inoltre, Defiance Silver corregge che un accordo per servizi amministrativi con un dirigente della società, precedentemente descritto come arm's length, è in realtà non-arm's length. L'azienda ribadisce il suo impegno nel promuovere il progetto Zacatecas nel storico distretto d'argento di Zacatecas in Messico e il progetto d'oro/rame Tepal nello stato di Michoacán.

Defiance Silver Corp. (TSXV: DEF) ha emitido un comunicado de aclaración respecto a las declaraciones realizadas el 12 de julio de 2024. La empresa aclara que su colaboración con AXINO Media GmbH para servicios de relaciones con inversionistas comenzó el 1 de julio de 2024, y no antes como se indicó anteriormente. AXINO es una firma privada de relaciones con inversionistas con sede en Alemania, especializada en representar a empresas del sector de recursos en los mercados financieros europeos.

Adicionalmente, Defiance Silver corrige que un acuerdo de servicios administrativos con un oficial de la empresa, previamente descrito como arm's length, es de hecho non-arm's length. La empresa reitera su enfoque en avanzar el proyecto Zacatecas en el histórico distrito de plata de Zacatecas en México y el proyecto de oro/cobre Tepal en el estado de Michoacán.

Defiance Silver Corp. (TSXV: DEF)는 2024년 7월 12일에 발표된 성명에 대한 명확한 보도 자료를 발표했습니다. 회사는 AXINO Media GmbH와의 투자자 관계 서비스 계약이 이전에 언급된 것처럼 더 이른 날짜가 아닌 2024년 7월 1일에 시작되었다고 밝혔습니다. AXINO는 독일에 본사를 둔 민간 투자자 관계 회사로, 유럽 금융 시장에서 자원 섹터 회사를 대변하는 전문성을 가지고 있습니다.

또한, Defiance Silver는 회사의 임원과의 행정 서비스 계약이 이전에 arm's length로 설명된 바와 달리 실제로는 non-arm's length임을 수정하고 있습니다. 회사는 멕시코의 역사적인 사카테카스 은 광구에 있는 사카테카스 프로젝트와 미초아칸 주에 있는 테팔 금/구리 프로젝트를 진행하는 데 주력하고 있음을 재차 강조합니다.

Defiance Silver Corp. (TSXV: DEF) a publié un communiqué de presse clarifiant des déclarations faites le 12 juillet 2024. L'entreprise précise que son engagement avec AXINO Media GmbH pour des services de relations investisseurs a commencé le 1er juillet 2024, et non plus tôt comme précédemment indiqué. AXINO est une société privée de relations investisseurs basée en Allemagne, spécialisée dans la représentation d'entreprises du secteur des ressources sur les marchés financiers européens.

De plus, Defiance Silver corrige qu'un accord de services administratifs avec un dirigeant de l'entreprise, précédemment décrit comme arm's length, est en réalité non-arm's length. L'entreprise réitère son engagement à faire avancer le projet Zacatecas dans l'historique district argentifère de Zacatecas au Mexique et le projet d'or/cuivre Tepal dans l'état de Michoacán.

Defiance Silver Corp. (TSXV: DEF) hat eine klarstellende Pressemitteilung zu den am 12. Juli 2024 getätigten Aussagen herausgegeben. Das Unternehmen stellt klar, dass sein Engagement mit AXINO Media GmbH für Investor Relations-Dienstleistungen am 1. Juli 2024 begann und nicht früher, wie zuvor angegeben. AXINO ist eine private Investor Relations-Firma mit Sitz in Deutschland, die sich auf die Vertretung von Unternehmen im Ressourcensektor auf den europäischen Finanzmärkten spezialisiert hat.

Außerdem korrigiert Defiance Silver, dass ein Verwaltungsdienstleistungsvertrag mit einem Unternehmensleitenden, der zuvor als arm's length beschrieben wurde, in Wirklichkeit non-arm's length ist. Das Unternehmen bekräftigt seinen Fokus auf die Weiterentwicklung des Zacatecas-Projekts im historischen Silberdistrikt Zacatecas in Mexiko und des Tepal-Gold-/Kupferprojekts im Bundesstaat Michoacán.

Positive
  • Engagement of AXINO Media GmbH for investor relations services, potentially improving European investor exposure
  • Ongoing development of district-scale Zacatecas project and Tepal Gold/Copper Project in Mexico
Negative
  • Correction of previously mischaracterized non-arm's length agreement with company officer

Vancouver, British Columbia--(Newsfile Corp. - October 10, 2024) - Defiance Silver Corp. (TSXV: DEF) (FSE: D4E) (WKN: A1JQW5) ("Defiance" or the "Company")  would like to clarify certain statements contained in its news release dated July 12, 2024.

On July 12, 2024, the Company announced that it has previously engaged an arm's length party, AXINO Media GmbH ("AXINO") to perform services for the Company, including investor relations activities, as defined in accordance with the policies of the TSX Venture Exchange and applicable securities laws. The Company would like to clarify that the engagement of AXINO was effective as of July 1, 2024 and prior to that date, AXINO had not been engaged by the Company.

ABOUT AXINO Media GmbH (http://www.axino.com)

AXINO is a privately owned full-service investor relations firm based in Esslingen, Germany. Since 2000, it specializes in representing resource sector companies that wish to obtain investor exposure and develop a shareholder following in the European financial markets, with a special focus on the German-speaking financial communities. AXINO's clients in the resource sector include such reputable companies as Agnico-Eagle Mines Ltd., Endeavour Silver Corp., Global Atomic Corp., HIVE Digital Technologies Ltd., Metallic Minerals Corp., Rio Alto Mining Limited, Sonoro Gold Corp., and many others.

On July 12, 2024, the Company announced that it had previously entered into an arm's length administrative services agreement dated May 1, 2023, for services provided by an officer of the company. The Company wishes to clarify that the agreement between the officer and the Company is non-arm's length.

About Defiance Silver Corp.

Defiance Silver Corp. (TSXV: DEF) (FSE: D4E) (WKN: A1JQW5) is an exploration company advancing the district-scale Zacatecas project, located in the historic Zacatecas Silver District and the Tepal Gold/Copper Project in Michoacán state, Mexico. Defiance is managed by a team of proven mine developers with a track record of exploring, advancing, and developing several operating mines and advanced resource projects. Defiance's corporate mandate is to advance our projects through capital-efficient exploration focused on resource growth and new mineral discoveries.

On behalf of Defiance Silver Corp.

"Chris Wright"

Chairman of the Board

For more information, please contact: Investor Relations at +1 (604) 343-4677 or via email at info@defiancesilver.com.

www.defiancesilver.com

Suite 2900-550 Burrard Street
Vancouver, BC V6C 0A3
Canada
Tel: +1 (604) 343-4677
Email: info@defiancesilver.com

Disclaimer

Neither 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.

Caution Regarding Forward-Looking Information

Information contained in this news release which are not statements of historical facts may be "forward-looking information" for the purposes of Canadian securities laws. Such forward-looking information and statements involve known and unknown risks and uncertainties that may cause Defiance's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon... The words "believe", "expect", "anticipate", "contemplate", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule", "understand" and similar expressions identify forward-looking information.

Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability of suitable financing alternatives; fluctuations in gold and other commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from Defiance's Mexican activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedarplus.ca. Accordingly, all such factors should be considered carefully when making decisions with respect to Defiance, and prospective investors should not place undue reliance on forward looking information. Forward-looking information in this news release is made as at the date hereof. The Company assumes no obligation to update or revise forward-looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226236

FAQ

When did Defiance Silver Corp. (TSXV: DEF) engage AXINO Media GmbH for investor relations services?

Defiance Silver Corp. engaged AXINO Media GmbH for investor relations services effective July 1, 2024, not earlier as previously stated in the July 12, 2024 news release.

What is the nature of the administrative services agreement between Defiance Silver Corp. (TSXV: DEF) and a company officer?

The administrative services agreement between Defiance Silver Corp. and a company officer, previously described as arm's length, is actually a non-arm's length agreement.

What are the main projects Defiance Silver Corp. (TSXV: DEF) is currently advancing?

Defiance Silver Corp. is advancing the district-scale Zacatecas project in the historic Zacatecas Silver District and the Tepal Gold/Copper Project in Michoacán state, Mexico.

DEFIANCE SILVER CORP

OTC:DNCVF

DNCVF Rankings

DNCVF Latest News

DNCVF Stock Data

41.16M
214.87M
2.29%
15.87%
Other Precious Metals & Mining
Basic Materials
Link
United States of America
Vancouver