on PJX Resources Inc. (CVE:PJX)
PJX Resources Closes First Tranche of Private Placement
PJX Resources Inc. has successfully closed the first tranche of its non-brokered private placement, initially announced on July 9, 2025. The company raised gross proceeds of $1,652,460, issuing 12,430,905 units.
In this tranche, PJX issued 3,323,285 Flow Through Units at $0.14 each and 2,393,334 non-flow through Units at $0.12 each, for a total of $752,460. Each unit includes one common share and a warrant, enabling the purchase of an additional share at $0.20 within 24 months.
Insiders’ participation was deemed a "related party transaction," relying on exemptions from MI 61-101 regulations. Finders' fees consisted of $36,236 and 283,520 warrants. All securities are subject to a four-month hold, in compliance with Canadian laws.
The funds will support PJX's projects in Cranbrook, British Columbia. The second tranche is anticipated to close by July 31, 2025.
R. H.
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