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Posted On: 06/15/2020 3:04:43 AM
Post# of 2062
Mexus pays off outstanding debt obligation
CABORCA, Mexico, June 15, 2020 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that it has satisfied an outstanding debt obligation. The $178,855.49 loan, which was due June 16th, was paid off on June 13th. The company was able to satisfy this loan using a new debt obligation. Mexus plans to use revenues from operations to pay the new loan within 6 months. “The ability to basically extend our debt obligation comes at the right time for Mexus. We are increasing production at the Santa Elena mine and expect revenues to grow exponentially in the coming months. Revenues from the sale of gold are currently being reinvested to increase our monthly production. Long term, this will be a substantial benefit to Mexus and its shareholders,” added Mexus CEO Paul Thompson.
CABORCA, Mexico, June 15, 2020 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that it has satisfied an outstanding debt obligation. The $178,855.49 loan, which was due June 16th, was paid off on June 13th. The company was able to satisfy this loan using a new debt obligation. Mexus plans to use revenues from operations to pay the new loan within 6 months. “The ability to basically extend our debt obligation comes at the right time for Mexus. We are increasing production at the Santa Elena mine and expect revenues to grow exponentially in the coming months. Revenues from the sale of gold are currently being reinvested to increase our monthly production. Long term, this will be a substantial benefit to Mexus and its shareholders,” added Mexus CEO Paul Thompson.
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