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PTX Metals Inc. Announces Private Placement Amendments
Toronto, Ontario--(Newsfile Corp. - September 28, 2025) - PTX Metals Inc. (TSXV: PTX) (" PTX " or...
About this update from Ptx Metals Inc
[{"type":"text","content":"PTX Metals Inc. Announces Private Placement AmendmentsToronto, Ontario--(Newsfile Corp. - September 28, 2025) - PTX Metals Inc. (TSXV: PTX) (\"PTX\" or the \"Company\") is pleased to announce the following updates to its previously disclosed non-brokered private placements, as referenced in its news releases dated September 8, 2025 and September 16, 2025. In response to market demand, the Company has increased the maximum size of the offering (the \"LIFE Offering\") being completed under LIFE Exemption (as defined below) from $3,500,000 to $5,500,000 while keeping a minimum offering of $2,000,000 of HD Units (as defined below). There remains no minimum on the size of the offering of \"charity flow-through units\" (\"CFT Units\").LIFE OfferingPursuant to the amended terms of the LIFE Offering, the Company is offering for sale by way of non-brokered private placement: (i) hard dollar units (the \"HD Units\") at a price of $0.10 per HD Unit; and (ii) CFT Units at a price of $0.15 per CFT Unit (the CFT Units together with the HD Units are referred to herein as, the \"Units\"), to raise aggregate gross proceeds of up to $5,500,000. Each Unit shall consist of one (1) common share and one-half of one (1/2) share purchase warrant (each whole such share purchase warrant, a \"Warrant\"). Each Warrant is exercisable to acquire one (1) additional Warrant Share at a price of $0.16 per Warrant Share for a period of 36 months from the date of issuance. The Warrants issued pursuant to the LIFE Offering will be subject to a restriction on exercise expiring 61 days following the date of issuance. The Company intends to use the proceeds from the issuance of the HD Units for general corporate expenses and working capital purposes. The gross proceeds from the issuance of the CFT Units will be used to incur eligible \"Canadian exploration expenses\" as defined in subsection 66.1(6) of the Income Tax Act (Canada) (the \"Tax Act\") that qualify as \"flow-through critical mineral mining expenditures\" as defined in subsection 127(9) of the Tax Act (the \"Qualifying Expenditures\") related to the Company's projects in Ontario. The Qualifying Expenditures will be incurred on or before December 31, 2026 and will be renounced by the Company to the initial purchasers of the CFT Units with an effective date no later than December 31, 2025 in an aggregate amou...