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PPX Mining Announces Extension to Private Placement
TORONTO, ON / ACCESSWIRE / July 31, 2024 / PPX Mining Corp. (the " Company " or " PPX ") announc...
About this update from Ppx Mining Corp.
[{"type":"text","content":"PPX Mining Announces Extension to Private PlacementTORONTO, ON / ACCESSWIRE / July 31, 2024 / PPX Mining Corp. (the \"Company\" or \"PPX\") announces that it is extending its non-brokered private placement of up to 62,500,000 units of the Company (each, a \"Unit\") at a price of Cdn$0.062 per Unit for gross proceeds of up to Cdn$3,875,000 (the \"Offering\"), as previously announced in the Company's press release on June 17, 2024, until September 16, 2024. The Company anticipates that the Offering will consist of multiple investors, instead of a single investor as previously announced.Each Unit will consist of one common share of the Company (each, a \"Share\") and one non-transferable common share purchase warrant (each, a \"Warrant\"). Each Warrant shall entitle the holder thereof to purchase, for a period of 24 months from the date of issue, one additional common share of the Company (each, a \"Warrant Share\") at an exercise price of Cdn$0.095 per Warrant Share.The Company intends to use the proceeds of the Offering for general working capital purposes.The Offering is being completed on a private placement basis pursuant to prospectus exemptions under applicable securities laws and is subject to final acceptance by the TSX Venture Exchange. The Company may complete the Offering via the closing of multiple tranches.About PPX Mining Corp:PPX Mining Corp. (TSX.V:PPX.V)(BVL:PPX) is a Canadian-based mining company with assets in northern Peru. Igor, the Company's 100%-owned flagship gold and silver project, is located in the prolific Northern Peru gold belt in eastern La Libertad Department.On behalf of the Board of DirectorsBrian ImrieExecutive Chairman82 Richmond Street East, Toronto,M5C 1P1, Ontario, Canada416-361-0737Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S....