PJX Resources Completes $3.6 Million Private Placement

TORONTO, ON - PJX Resources Inc. has successfully closed the second tranche of its non-brokered private placement, with the issuance of 2,500,000 units at $0.20 each, totaling $500,000 in this tranche. The overall placement raised $3.6 million through 13,611,111 units. Each unit includes a common share and a half warrant, which allows the purchase of a share at $0.40 within 24 months.

Crescat Capital participated notably, investing $250,000 for 1,250,000 units in this closing. The completion of this private placement is pending approval from the TSX Venture Exchange and the securities are subject to a statutory hold period of four months in Canada.

The funds raised will support expenditures on PJX’s properties in Cranbrook, British Columbia, and general corporate purposes. Directors Linda Brennan and James Clare purchased 375,000 units, classified as related party transactions under Canadian regulations.