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Silver47 Announces Mogollon Project Anniversary Payment
Vancouver, British Columbia, April 24, 2026 – Silver47 Exploration Corp. (TSXV: AGA) (OTCQX: AAGAF) (“Silver47” or the “Company”) is pleased to announce, that, subject to final approval from the TSX Venture Exchange (the “TSXV”), the Company will issue an aggregate of 56,902 common shares pursuant to two previously entered into amended and restated mining lease agreements entered into with the Company’s wholly owned subsidiary, Summa Silver Corp. (collectively, the “Amended Lease Agreements”). The common shares are being issued at a deemed value of $0.6855 per common share, being the 20-day volume weighted average price of the Company’s common shares as traded on the TSXV. Such payments represent the fifth of ten annual payments due pursuant to the Amended Lease Agreements. The Amended Lease Agreements relate to mining claims which form part of the Mogollon project near Silver City, New Mexico. Pursuant to the Amended Lease Agreements, the Company, through it’s wholly owned subsidiary, Summa Silver Corp., has agreed to continue to lease certain mining claims which form part of the Mogollon project for a period of ten years and renewable in 10- year terms at the Company’s election. The Company must make aggregate cash payments of US$99,067 on annual basis […] Source
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