Defiance Silver Corporation (“Defiance”) announces it has entered into a short term loan agreement from its largest shareholder in the amount of CDN $160,000. Proceeds from the loan will be for general working capital purposes.
Defiance also announces that it has granted 50,000 incentive stock options under its stock option plan to senior management of the Company. The options are exercisable at a price of $0.10 per share for a period of five years.
Defiance Silver Corp. is a silver explorer and developer advancing the San Acacio Deposit, located in the historic Zacatecas Silver District of central Mexico. Defiance is managed by a team of proven mine developers with a track record of exploring and developing 11 operating mines to date. Defiance’s corporate mandate is to expand San Acacio to become one of Mexico’s premier high grade wide vein silver deposits. A Panoramic Video on the San Acacio Deposit is available on our website, or Click Here to visit our Defiance YouTube Channel. For more information on the property or Defiance, please visit Defiance’s website at www.DefianceSilver.com.
On behalf of Defiance Silver Corp.
“Bruce Winfield”
President and CEO
For more information, please contact:
Sunny Pannu – Corporate Development (604) 669 7315 or via email at [email protected]
1610 – 409 Granville Street www.defiancesilver.com
Vancouver, BC V6C 1T2 Tel: 604-669-7315 Email:[email protected]
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.
Original Article: http://www.defiancesilver.com/news/defiance-receives-short-term-loan
