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PTX Metals' Subsidiary, Green Canada Corporation Announces Closing of Private Placement
Toronto, Ontario--(Newsfile Corp. - January 19, 2026) - Green Canada Corporation (" GCC " or the ...
About this update from Ptx Metals Inc
[{"type":"text","content":"PTX Metals' Subsidiary, Green Canada Corporation Announces Closing of Private PlacementToronto, Ontario--(Newsfile Corp. - January 19, 2026) - Green Canada Corporation (\"GCC\" or the \"Company\"), a 50.73% owned subsidiary of PTX Metals Inc. (TSXV: PTX) (\"PTX\"), announces the closing of the first tranche of its previously announced $500,000 private placement (the \"Private Placement\"). GCC closed a total of 2,369,230 common shares at a price of $0.13 per share for proceeds of $308,000. The common shares issued pursuant to the Private Placement are subject to a statutory hold period of four months and one day after the later of (a) January 16, 2026, the closing date for the first tranche of the Private Placement, and (b) the date the Company became a reporting issuer in any province or territory. The net proceeds of the Private Placement are expected to be used for general working capital and corporate purposes.PTX granted 7,725,000 incentive stock options (the \"Options\") to certain directors, officers and consultants of the Company. Each Option permits an optionee to acquire one common share (an \"Option Share\") in the capital of the Company at any time at a price of $0.14 per Option Share up to the end of business on the January 19, 2031, anniversary of the date of the grant. Each Option is subject to a statutory hold period of four months and one day. The Options are subject to certain vesting conditions.The Company further notes that during the year ending December 31, 2025 and in January 2026, 3,750,000 Options expired.About Green Canada CorporationGCC has assembled a diverse set of Canadian based uranium mineral properties focused on unconformity-style uranium deposits in the Athabasca Basin of Saskatchewan, the Baker and Amer Basins in Nunavut and the Otish Basin in Quebec. The flagship Marshall Project to be acquired by GCC from Basin Energy Limited in connection with the Proposed RTO and the adjacent North Millennium project areas are situated 11 km west of Cameco's 69.9% owned Millennium deposit and 20 km southwest of CanAlaska's Pike zone discovery on the West McArthur project in the Athabasca Basin of northern Saskatchewan the second largest production centre for uranium globally. The Key Lake-McArthur Road is 23 km to the South-East with winter access to the property either by winter road from the Millennium d...