PJX Resources Announces $6.3M Non-Brokered Private Placement to Explore and Drill Priority Critical Metal and Gold Targets in the Sullivan Mining District in Southeastern British Columbia

About this update from Pjx Resources Inc.

TORONTO, ON / ACCESS Newswire / June 18, 2026 / PJX Resources Inc. ("PJX" or the "Company") is pleased to announce a non-brokered private placement (the "Private Placement") of up to 44 million units of the Company for gross proceeds of up to $6.3 million. The Company will issue units on a non-flow through basis (each a "Unit"), "flow through" basis (each a "Flow Through Unit ("FTU"), and a Charity Flow-through basis (each a "Charity Flow-through Unit ("CFTU")" or a "Charity Flow-through Critical Metals Unit ("CFTUCM")). The subscription prices for each of the foregoing are $0.125 for a Unit, $0.15 per FTU, $0.16 per CFTU, and $0.18 per CFTUCM. PJX is also pleased to announce that the Private Placement is expected to close in 2 or more tranches by July 15, 2026. Each Unit and each Flow-through Unit, regardless of whether it is a FTU, CFTU or CFTUCM, consists of one common share to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) and one common share purchase warrant. Each warrant acquired will entitle the holder to purchase one common share at an exercise price of $0.20 for 24 months following completion of the Private Placement. Certain directors of PJX, may participate in the private placement. As insiders, the subscriptions of these parties will be considered to be a "related party transaction" within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 ("MI 61-101"). PJX intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(a) of MI 61-101 in respect of such insider participation. Finders fees comprised of cash and non-transferable Warrants may be paid in respect of the Private Placement. The Warrants will entitle the holder to purchase one common share at an exercise price of $0.20 for 24 months following completion of the Private Placement. All securities issuable in connection with the Private Placement will be subject to a statutory hold period in Canada which will run for four months from the date of the closing of the Private Placement. The Private Placement is subject to compliance with applicable securities laws and to receipt of the final approval and acceptance of the TSX Venture Exchange. PJX intends to use the net proceeds of the Private Placement for expenditures on its properties located in Cra...

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