Mineworx Announces Early Redemption of Debentures
April 30 2021 - 5:30AM
Mineworx Technologies Ltd., (the
“
Company” or “
Mineworx“) (TSXV:
MWX) (OTCQB: MWXRD) (FSE: YRS WKN: A2DSW3) announces that the
Company delivered notice for the early redemption of the aggregate
principal amount of $120,000 of convertible debentures plus accrued
interest. The debentures, which mature on June 17, 2022 and bear
interest at a rate of 12% per year, were repaid by April 27, 2021
and the company will experience immediate cost savings benefits by
the elimination of this debt from its balance sheet.
About Mineworx
Mineworx is positioned for growth in the
catalytic converter and mining sectors through the development and
commercialization of its proprietary, environmentally friendly
processing technologies for the recovery of precious metals.
Initial focus is the extraction of platinum and palladium from
diesel catalytic converters with its partner Davis Recycling and
will be building its first commercial extraction facility in
Tennessee, USA. The company is also furthering the development of a
historic iron ore concession which it holds a 100% interest in
South-Eastern Spain. For further information go to
www.mineworx.net
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.
For further information contact:
MINEWORX TECHNOLOGIES LTD.
Dave BurwellVice PresidentThe Howard Group(403)
410-7907dave@howardgroupinc.com
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