Defiance Silver Corp. (“Defiance”) is pleased to announce it has successfully renegotiated and extended the terms of its San Acacio Silver Project purchase agreement.The property vendor has agreed to postpone a substantial amount of the payments due in 2018 to September 27, 2019.As a result, Defiance will be making four quarterly payments of US$225,000 totaling US$900,000 with the final option payment due September 2019.
“We are very pleased that the San Acacio project payments have been pushed into 2019.We would like to thank our property vendor for their continued support of Defiance.Defiance plans to use this additional financial flexibility to explore the significant target anomaly along the 900m strike extension” stated Peter J. Hawley, President and CEO.
About Defiance Silver Corp.
Defiance Silver Corp. (DEF | TSX Venture Exchange; DNCVF | OTC; D4E | Frankfurt) 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 7 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.
On behalf of Defiance Silver Corp.
“Peter J. Hawley”
Interim President & CEO
Chairman of the Board, Director
information, please contact: Sunny Pannu – Corporate Development (604) 669 7315
or via email at
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