PPX Mining Corp. Announces Private Placement to Raise C$765,000

PPX Mining Corp., based in Toronto, has announced a non-brokered private placement aimed at generating up to C$765,000 in gross proceeds. The offering involves the sale of 17 million units, each priced at C$0.045. Each unit includes one common share and a warrant to buy another share at C$0.07 within 24 months.

The funds will support exploration efforts at Mina Callanquitas and enhance working capital. Closing is expected by April 30, pending regulatory approvals from the TSX Venture Exchange. A four-month hold period applies to shares and warrants issued within four months of closing under Canadian law.

PPX reserves the right to adjust the offering size, depending on TSX approval. The offering is not intended for the U.S. market and will not be registered under the U.S. Securities Act of 1933.