Vancouver, British Columbia–(Newsfile Corp. – May 15, 2014) – Defiance Silver Corp. (TSXV: DEF) (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,
“Bruce Winfield”
For additional information please visit the Company’s website at
www.defiancesilver.com.
1610 – 409 Granville Street
www.defiancesilver.com
Vancouver, BC V6C 1T2 Tel:
778-729-0333
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.
