Guanajuato Silver Company Ltd. announces that the Company has arranged to issue 2,468,750 common shares of the Company at a deemed price of C$0.40 per Share in settlement of outstanding accounts payable and accrued liabilities to various parties totaling approximately C$987,000 . A private company controlled by Hernan Dorado, a director and an officer of GSilver, will receive 656,250 Shares in settlement of C$262,500 due
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