Defiance Announces Loan Repayment

Defiance Silver Corp_21092020

Vancouver, British Columbia – (Newsfile Corp. – September 21, 2020) – Defiance Silver Corp. (“Defiance” or the “Company”) is pleased to announce that it has repaid in full the Company’s outstanding Loan with Windermere Capital Fund SPC (on behalf of the Navigator Segregated Portfolio). The Loan was originally announced on June 19th, 2018, and subject to several increases, with the final extension announced on December 19th, 2019. The Company has now repaid the total outstanding balance of $1,312,018 including accrued interest. The Loan was secured by the assets of the Company’s subsidiaries and the General Security Agreement will now be removed following repayment of the Loan in full.

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