PJX Resources Concludes Final Phase of Private Placement

PJX Resources Inc. has successfully closed the second tranche of its non-brokered private placement, amassing a total of $1,652,460. This closing involves issuance of 4,714,286 Flow Through Units and 2,000,000 regular Units, generating $900,000 in gross proceeds. Flow Through Units are priced at $0.14 and standard Units at $0.12 each.

Each unit includes a common share and a purchase warrant, which allows the holder to buy an additional share at $0.20 over 24 months. Insider participation categorized the transaction as a "related party transaction" under TSXV regulations, but PJX sought applicable exemptions.

Proceeds are designated for exploration on properties in Cranbrook, British Columbia. President John Keating highlights drilling at Dewdney Trail Property, suggesting its potential for a Sullivan-type deposit discovery, supported by nearby infrastructure.